Form 4: ALLETE INC Director James J. Hoolihan Reports Acquisition of Shares Through Dividend Reinvestment

Director James J. Hoolihan reports acquiring additional ALLETE INC shares through dividend reinvestment and dividend equivalent features of company plans.

Summary

• On June 3, 2024, James J. Hoolihan, a director of ALLETE INC, reported acquiring 1,742.71 shares of common stock.
• The acquisition was made through dividend reinvestment and dividend equivalent features of ALLETE's stock purchase and non-employee director deferral plans.
• The price per share was $0.
• Following the transaction, Hoolihan's direct ownership in ALLETE INC amounts to 26,886.76 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company through standard dividend reinvestment, indicating confidence but not necessarily a major event.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future.

Industry Context

Directors acquiring shares through dividend reinvestment plans is a common practice and reflects a long-term investment perspective in the company.

Stakeholder Impact

• The increased ownership by a director could be viewed positively by shareholders.

Key Dates