Form 4: Xencor Inc. Executive Nancy Valente Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Nancy Valente, EVP and Chief Development Officer of Xencor Inc., sold 4,745 shares of common stock to cover withholding taxes upon the vesting of restricted stock units.
Summary
- On May 2, 2024, Nancy Valente, EVP and Chief Development Officer of Xencor Inc., sold 4,745 shares of Xencor's common stock.
- The shares were sold at a price of $23.5768 per share.
- The sale was executed to cover withholding taxes upon the vesting of 13,098 restricted stock units.
- Following the transaction, Nancy Valente directly owns 55,115 shares of Xencor's common stock.
Sentiment
Score: 5
Explanation: The Form 4 filing represents a routine transaction (sale of shares for tax obligations) and doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax obligations. This transaction appears routine and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of the stock sale transaction. |
| 05/03/2024 | Date of signature on the Form 4 filing. |
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