Form 4: Xencor Director Alan Bruce Montgomery Sells Shares to Cover Tax Obligations
SEC Form 4
Alan Bruce Montgomery, a director at Xencor Inc, sold 1,853 shares of common stock on September 27, 2024, to cover withholding taxes related to the vesting of restricted stock units.
Summary
- On September 27, 2024, Alan Bruce Montgomery, a director of Xencor Inc, sold 1,853 shares of the company's common stock.
- The sale was executed at a price of $20.68 per share.
- This transaction was conducted under a pre-arranged 10b5-1 plan to cover withholding taxes associated with the vesting of restricted stock units.
- Following the transaction, Montgomery directly owns 9,140 shares of Xencor Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) by a company director, which is neither particularly positive nor negative.
Industry Context
Sales of shares by company directors are a normal part of corporate governance. Often these sales are pre-planned to avoid any accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| 09/27/2024 | Date of the stock sale transaction. |
| 10/01/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.