Form 4: Xencor Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
John R. Desjarlais, a Senior Vice President & CSO at Xencor Inc., sold 1,280 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, John R. Desjarlais, a Senior Vice President & CSO at Xencor Inc., disposed of 1,280 shares of common stock.
- The shares were sold at a price of $23.5018 per share.
- The transaction was executed to cover withholding taxes upon the vesting of 3,474 restricted stock units.
- Following the transaction, Desjarlais directly owns 186,433 shares of Xencor Inc. common stock.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction (sale of shares for tax obligations) by an executive, which is neither particularly positive nor negative. It's a neutral event in the context of the company's overall performance.
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.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock sale transaction |
| 03/12/2024 | Date of signature by Attorney-in-Fact |
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