Form 4: XOMA Royalty Corp Executive Thomas M. Burns Reports Stock Transactions

Thomas M. Burns, SVP, Finance & CFO of XOMA Royalty Corp, reports the acquisition and disposal of company stock and performance stock units.

Summary

• Thomas M. Burns, the SVP, Finance & CFO of XOMA Royalty Corp, reported several transactions involving the company's stock.
• On November 11, 2024, Mr. Burns acquired 17,773 shares of common stock and 17,773 performance stock units (PSUs).
• On November 13, 2024, Mr. Burns sold 9,775 shares of common stock at an average price of $29.94 per share, with prices ranging from $29.93 to $30.22.
• Following these transactions, Mr. Burns directly owns 14,553 shares of common stock, 1,000 shares of 8.375% Series B Perpetual Preferred Stock, and 2,000 shares of 8.625% Series A Cumulative Perpetual Preferred Stock.
• He also indirectly owns 5,554 shares of common stock through a 401(k) plan and 73,827 performance stock units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting their transactions in company stock. It is a routine part of corporate governance and transparency.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions reported are typical for executives who receive stock-based compensation, such as performance stock units.
• The sale of shares to cover tax obligations is a common practice among executives receiving equity compensation.

Stakeholder Impact

• The transactions may have a minor impact on the stock price due to the sale of shares by an executive.
• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

XOMA Royalty Corp, insider trading, stock transactions, performance stock units, Form 4, Thomas M. Burns, executive compensation