Form 4: AFLAC Executive Charles D. Lake II Reports Stock Transactions
SEC Form 4 Filing
Charles D. Lake II, an officer at AFLAC, reported the acquisition and disposal of AFLAC common stock on May 21, 2024, including the exercise of employee stock options and subsequent sale of shares.
Summary
- On May 21, 2024, Charles D. Lake II, Chairman & Rep. Director, ALIJ at AFLAC INC, engaged in transactions involving AFLAC's common stock.
- Lake exercised employee stock options to acquire 22,378 shares at a price of $30.725 per share.
- Simultaneously, Lake disposed of 22,378 shares at a weighted average price of $87.471, with prices ranging from $87.09 to $87.69.
- Following these transactions, Lake directly owns 61,522 shares of common stock and indirectly owns 1,273 shares through a 401(K) plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the buying and selling activities of company executives. It's a standard practice required by the SEC to prevent insider trading and ensure fair market practices.
Stakeholder Impact
- The transactions could have a minor impact on shareholders by increasing the number of shares available in the market.
Key Dates
| Date | Description |
|---|---|
| 02/10/2018 | Date employee stock option was exercisable |
| 05/21/2024 | Date of stock option exercise and sale of shares |
| 05/23/2024 | Date of Form 4 signature |
| 02/10/2025 | Expiration date of employee stock option |
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