Form 4: Vuzix Corp COO Peter Jameson Disposes of Shares to Cover Tax Liability
SEC Form 4 Filing
Vuzix Corp's Chief Operating Officer, Peter Hamilton Jameson, disposed of 20,000 shares of common stock to cover his tax liability on April 18, 2024.
Summary
- On April 18, 2024, Peter Hamilton Jameson, the Chief Operating Officer of Vuzix Corp, disposed of 20,000 shares of common stock.
- The transaction was executed to cover the reporting person's tax liability.
- Following the transaction, Jameson directly owns 182,600 shares of Vuzix Corp.
- The shares were disposed of at a price of $0.00.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding a stock transaction to cover tax obligations, with no inherent positive or negative sentiment.
Management Comments
- The shares were returned to the issuer for cancellation to cover the reporting person's tax liability.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date of transaction: Peter Jameson disposed of 20,000 shares. |
| 04/22/2024 | Date of signature on the Form 4 filing. |
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