Form 4: Xencor EVP Nancy Valente Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
Nancy Valente, EVP and Chief Development Officer at Xencor, Inc., reported selling 2,565 shares of common stock to cover withholding taxes upon the vesting of restricted stock units.
Summary
- On March 10, 2025, Nancy Valente, the EVP and Chief Development Officer of Xencor, Inc., sold 2,565 shares of Xencor's common stock at a price of $13.5971 per share.
- The sale was executed to cover withholding taxes associated with the vesting of 6,544 restricted stock units.
- Following the transaction, Valente directly owns 53,785 shares of Xencor common stock.
- Valente also acquired 1,235 shares on June 10, 2024, through the Issuer's Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (stock sale for tax purposes) and doesn't indicate any particularly positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax obligations. Monitoring these transactions can provide insights into executive sentiment and company performance.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| June 10, 2024 | Reporting person acquired 1,235 shares through the Employee Stock Purchase Plan |
| February 19, 2025 | Date of Power of Attorney execution |
| March 10, 2025 | Date of stock sale transaction |
| March 11, 2025 | Date of Form 4 filing |
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