Form 4: Affiliated Managers Group CEO Jay Horgen Executes Stock Option, Sells Shares
SEC Form 4 Filing
Jay Horgen, President and CEO of Affiliated Managers Group, exercised stock options and sold shares, according to a recent SEC Form 4 filing.
Summary
- On August 19, 2024, Jay C. Horgen, the President and CEO of Affiliated Managers Group, exercised employee stock options to acquire 200,000 shares of common stock at a price of $74.49 per share.
- Simultaneously, Horgen disposed of 132,728 shares to cover tax obligations at $172 per share.
- He also sold 9,000 shares on August 19, 2024, at a weighted average price of $171.98, and another 9,300 shares on August 20, 2024, at a weighted average price of $169.93.
- Following these transactions, Horgen directly owns 367,976 shares and indirectly owns 20,058 shares through family trusts.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions. It's common for executives to exercise stock options and sell a portion of the acquired shares to cover taxes and diversify their holdings.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Employee Stock Option Date Exercisable |
| 08/15/2026 | Employee Stock Option Expiration Date |
| 08/19/2024 | Date of earliest transaction: Exercise of stock options, disposal of shares for tax obligations, and sale of shares. |
| 08/20/2024 | Sale of shares. |
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