Form 4: AdvanSix Inc. Executive Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Achilles B. Kintiroglou, SVP and General Counsel of AdvanSix Inc., sold 350 shares of common stock at $30.18 per share on October 1, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On October 1, 2024, Achilles B. Kintiroglou, the SVP and General Counsel of AdvanSix Inc., sold 350 shares of the company's common stock.
- The sale was executed at a price of $30.18 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan adopted on November 9, 2023.
- Following the transaction, Kintiroglou directly owns 33,601 shares of AdvanSix Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| 11/09/2023 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 10/01/2024 | Date of the transaction (stock sale) |
| 10/02/2024 | Date of the Form 4 filing |
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