Form 4: AECOM CEO Troy Rudd Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
AECOM CEO Troy Rudd sold shares of the company's common stock between October 1st and October 3rd, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Troy Rudd, the CEO of AECOM, sold shares of the company's common stock between October 1st and October 3rd, 2024.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 9, 2024.
- The transactions involved multiple sales at varying prices, with weighted average prices reported for each day.
- The sales were conducted indirectly through TN Rudd Investments, LP.
- On October 1, 2024, 6,341 shares were sold at a weighted average price of $102.15, and 26,992 shares were sold at a weighted average price of $102.84.
- On October 2, 2024, 32,432 shares were sold at a weighted average price of $102.06, and 901 shares were sold at a weighted average price of $102.46.
- On October 3, 2024, 4,420 shares were sold at a weighted average price of $101.44, 10,494 shares were sold at a weighted average price of $102.26, and 18,420 shares were sold at a weighted average price of $103.03.
- Following these transactions, TN Rudd Investments, LP, indirectly holds a reduced number of AECOM shares.
- Rudd also indirectly holds 1,330 shares through Merrill Lynch under the AECOM Retirement & Savings Plan (RSP).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the share sales were conducted under a pre-arranged trading plan. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Executive share sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares without being accused of trading on inside information. The market will likely interpret this as a neutral event, unless the volume of sales is unusually high or coincides with other negative news.
Key Dates
| Date | Description |
|---|---|
| 2024-05-09 | Date the Rule 10b5-1 trading plan was adopted by Troy Rudd. |
| 2024-10-01 | Date of the first reported transaction. |
| 2024-10-02 | Date of subsequent reported transactions. |
| 2024-10-03 | Date of the last reported transaction. |
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