Tanda Stephan B. 4
Research Summary
AI-generated summary
Aptargroup (ATR) CEO Stephan B. Tanda Receives Award; Withholds Shares
What Happened
- Stephan B. Tanda, President and CEO (and Director) of Aptargroup, was granted 39,485 shares on 2026-05-01 (recorded as an award/acquisition, code A) at $0.00 cost. To cover tax withholding (code F), 15,538 of those shares were surrendered/disposed at $119.02 each for $1,849,333. Net shares retained from the award are 23,947 (39,485 granted minus 15,538 withheld). The award’s approximate market value at $119.02 would be about $4.7M.
Key Details
- Transaction date: 2026-05-01; Form 4 filed 2026-05-04 (appears timely).
- Award: 39,485 shares acquired at $0.00 (code A).
- Withholding/sale for taxes: 15,538 shares disposed at $119.02 for $1,849,333 (code F).
- Net shares retained from this award: 23,947.
- Filing indicates tax withholding rather than an open-market sale; no 10b5-1 plan or late-filing flags noted in the summary provided.
Context
- The disposal was a tax-withholding event (common when restricted stock or similar awards vest), not an open-market sale that necessarily signals a change in insider sentiment. The award itself is a compensation event (no cash paid by the insider). For retail investors, purchases by insiders can be more informative than routine withholdings; this filing primarily reflects standard tax treatment of a stock award.