Form 4: Waters Corp CEO Udit Batra Reports Stock Disposals for Tax Purposes
SEC Form 4 Filing
Udit Batra, President and CEO of Waters Corp, reported the disposal of common stock to cover tax obligations related to the vesting of performance stock units (PSUs) on March 1, 2024.
Summary
- Udit Batra, the President and CEO of Waters Corp, filed a Form 4 with the SEC.
- The filing reports the disposal of Waters Corp common stock on March 1, 2024, to cover tax obligations.
- 2,946 shares were disposed of at a price of $346.04.
- Another 3,638 shares were disposed of at a price of $346.04.
- Following these transactions, Batra directly owns 12,579 and 8,941 shares of Waters Corp common stock respectively.
Sentiment
Score: 7
Explanation: The document reflects routine insider transactions related to equity compensation. It's a neutral event with no immediate positive or negative implications for the company's financial health.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals for tax purposes are common when equity compensation vests.
Stakeholder Impact
- The stock disposal has a minimal impact on shareholders as it is related to tax obligations and does not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock disposal for tax purposes related to PSU vesting. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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