Form 4: ALLETE INC Director Douglas C. Neve Reports Changes in Beneficial Ownership

Director Douglas C. Neve reports acquisition of ALLETE INC common stock through dividend equivalent feature and holdings in trust.

Summary

• On June 3, 2024, Douglas C. Neve, a director of ALLETE INC, reported changes in beneficial ownership of the company's common stock.
• Neve acquired 1,742.71 shares of common stock through the dividend equivalent feature of stock awards deferred under the ALLETE non-employee director deferral plan.
• These shares were acquired at a price of $0.
• Following the transaction, Neve directly owns 18,495.98 shares of common stock and indirectly owns 9,849.45 shares through a trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The acquisition of shares through dividend equivalents can be seen as a slightly positive sign of director confidence.

Positives

• The acquisition of shares through dividend equivalents suggests a continued investment in the company by a director.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it reflects a director's continued investment in the company.

Key Dates