Form 4: ALLETE INC: Bethany M. Owen Reports Changes in Beneficial Ownership
SEC Form 4
Bethany M. Owen, Chair, President & CEO of ALLETE INC, reports acquisition and disposal of common stock on February 5, 2025.
Summary
- On February 5, 2025, Bethany M. Owen, Chair, President & CEO of ALLETE INC, reported changes in beneficial ownership of the company's common stock.
- Owen acquired 4,220.24 shares of common stock.
- Owen disposed of 3,137.8 shares of common stock at a price of $65.64.
- Following these transactions, Owen directly owns 41,715.08 shares of common stock.
- Owen also indirectly owns 8,256.8 shares through a Retirement Savings and Stock Ownership Plan (RSOP) Trust as of January 29, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an insider, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the trading activities of a key executive.
Key Dates
| Date | Description |
|---|---|
| January 29, 2025 | Date of ALLETE's retirement savings and stock ownership plan information used for indirect ownership calculation. |
| February 05, 2025 | Date of the reported transactions (acquisition and disposal of common stock). |
| February 07, 2025 | Date of signature for the report. |
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