American Vanguard (AVD) officer sells 6,000 shares to cover taxes
Rhea-AI Filing Summary
Peter Eilers, a Managing Director at AMVAC Netherlands BV who is an officer and director of American Vanguard Corp (AVD), reported a sale of 6,000 shares of AVD common stock on 09/04/2025 at $5.35 per share to satisfy an income tax liability. After the transaction he beneficially owns 32,177 shares, held directly. The Form 4 discloses the transaction date, price, and a brief explanation that the sale was to cover taxes; no derivatives or other transactions were reported. The filing is routine disclosure of insider selling and does not include additional context about future transactions or company performance.
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Insights
TL;DR Insider officer sold 6,000 AVD shares at $5.35 to cover taxes; holdings decreased to 32,177 shares.
The Form 4 shows a routine, explicable disposal by an officer rather than unexpected or unexplained insider activity. The sale size (6,000 shares) and price ($5.35) are reported explicitly and reduced direct beneficial ownership to 32,177 shares. There is no indication of trading pursuant to a Rule 10b5-1 plan and no other compensatory or derivative transactions disclosed. For investors, this appears as standard tax-related liquidity rather than a signal of company-specific material information.
TL;DR Transaction documented as tax-driven sale by an officer/director; disclosure meets Section 16 requirements.
The Form 4 contains the required elements: reporting person identification, relationship to issuer (officer and director), transaction date, code S, number of shares sold, price, and post-transaction holdings. The explanation states the sale satisfied an income tax liability and the report is signed and dated. There is no evidence of noncompliance, clustered unexpected disposals, or related-party complexities in this filing. It is a routine insider disclosure consistent with governance transparency standards.