Form 4: Agilent Technologies CEO Padraig McDonnell Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Agilent Technologies' CEO, Padraig McDonnell, sold 47 shares of common stock at $150 per share on September 27, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Padraig McDonnell, the President and CEO of Agilent Technologies, sold 47 shares of common stock on September 27, 2024.
- The sale was executed at a price of $150 per share.
- Following the transaction, McDonnell directly owns 24,071 shares of Agilent Technologies.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 8, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged plan, indicating a neutral sentiment.
Industry Context
Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan allows insiders to sell shares at predetermined times and prices.
Stakeholder Impact
- The sale of shares by the CEO could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of adoption of Rule 10b5-1 Plan |
| 09/27/2024 | Date of stock sale transaction |
| 09/30/2024 | Date of signature on the Form 4 filing |
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