Form 4: Accenture Executive Jean-Marc Ollagnier Disposes of Class A Ordinary Shares Under 10b5-1 Trading Plan
SEC Form 4
Accenture's CEO of EMEA, Jean-Marc Ollagnier, executed multiple sales of Class A ordinary shares on April 12, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Jean-Marc Ollagnier, CEO of EMEA at Accenture plc, reported the disposition of Class A ordinary shares on April 12, 2024.
- The transactions were executed under a pre-arranged Rule 10b5-1 trading plan.
- A total of 6,245 shares were sold at prices ranging from $313.864 to $321.84.
- Following the reported transactions, Mr. Ollagnier directly owns 161,581 Class A ordinary shares and indirectly owns 25,000 shares through a personal holding company.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions under a pre-existing trading plan. There is no indication of positive or negative implications for the company.
Industry Context
Executive stock sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares without being accused of acting on non-public information. The market typically views these sales in the context of the executive's overall holdings and the company's performance.
Key Dates
| Date | Description |
|---|---|
| 04/12/2024 | Date of the reported transactions (sale of shares). |
| 04/16/2024 | Date of the SEC filing. |
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