Form 4: Xencor Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Celia Eckert, SVP and General Counsel of Xencor Inc., sold 850 shares of common stock on March 11, 2024, to cover withholding taxes related to the vesting of restricted stock units.
Summary
- On March 11, 2024, Celia Eckert, the SVP and General Counsel of Xencor Inc., sold 850 shares of the company's common stock.
- The sale was executed at a price of $23.5018 per share.
- This transaction was conducted to cover withholding taxes associated with the vesting of 2,007 restricted stock units.
- Following the transaction, Eckert directly owns 45,465 shares of Xencor Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transaction is a routine sale of shares to cover tax obligations, which is a common practice and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally not indicative of a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock sale transaction. |
| 03/12/2024 | 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.