Form 4: Affiliated Managers Group Executive Jamal Rizwan M. Exercises Options and Sells Shares
SEC Form 4 Filing
Rizwan M. Jamal, Head of Affiliate Investments at Affiliated Managers Group, exercised stock options and sold shares on August 16, 2024.
Summary
- On August 16, 2024, Rizwan M. Jamal, Head of Affiliate Investments at Affiliated Managers Group, exercised employee stock options to acquire 428,807 shares of common stock at a price of $74.49 per share.
- Following the exercise of these options, Jamal disposed of 303,224 shares to cover tax obligations at $172.25.
- He also sold 8,622 shares at an average price of $172.89, with individual transaction prices ranging from $171.89 to $173.49.
- After these transactions, Jamal directly owns 128,457 shares and indirectly owns 70,776 shares through family trusts.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reflecting routine transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the actions of company executives.
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 | Expiration date of employee stock options |
| 08/16/2024 | Date of transaction: exercise of options and sale of shares |
| 08/15/2026 | Expiration date of employee stock options |
| 08/20/2024 | Date of signature on the Form 4 filing |
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