Form 4: AdvanSix Director Patrick Williams Acquires Shares Through Deferred Compensation Plan

Director Patrick Williams of AdvanSix Inc. acquired 430 shares of common stock through a deferred compensation plan.

Summary

• Patrick Williams, a director at AdvanSix Inc., acquired 430 shares of common stock on December 16, 2024.
• The shares were acquired through the company's Deferred Compensation Plan at a price of $30.46 per share.
• This transaction increased Williams' total holdings to 27,893 shares.
• The reported holdings include 249 shares from dividend equivalents related to unvested restricted stock units and deferred stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally neutral to positive as it shows director confidence. There are no negative implications.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.
• The deferred compensation plan allows for alignment of director interests with shareholder value.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the standard practice of compensating directors with equity.

Comparison to Industry Standards

• Many publicly traded companies use deferred compensation plans to align the interests of directors and shareholders.
• The use of stock units and dividend equivalents is a common practice in executive compensation packages.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates director confidence in the company.

Key Dates

Keywords

AdvanSix, Director, Patrick Williams, Share Acquisition, Deferred Compensation, Stock Units, Insider Trading, Form 4