Form 4: ALLETE INC Director Susan K. Nestegard Reports Acquisition of Common Stock

Director Susan K. Nestegard reports acquiring 1,742.71 shares of ALLETE INC common stock on June 3, 2024, bringing her total holdings to 12,388.47 shares.

Summary

• On June 3, 2024, Susan K. Nestegard, a director of ALLETE INC, acquired 1,742.71 shares of common stock.
• The acquisition was made at a price of $0 per share.
• Following the transaction, Nestegard's total beneficial ownership of ALLETE INC common stock is 12,388.47 shares.
• The shares were acquired directly.
• The acquisition includes shares acquired in exempt transactions pursuant to the dividend equivalent feature of stock awards deferred under the ALLETE non-employee director deferral plan, based on plan information available as of May 31, 2024.

Sentiment

Score: 5

Explanation: This is a routine disclosure of a stock acquisition by a director. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about the transaction.

Positives

• A director increasing their holdings can be seen as a positive signal, indicating confidence in the company's future.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment if viewed as a sign of confidence from a company director.

Key Dates