Form 4: ALLETE INC: Officer Scissons Reports Stock Transactions
SEC Form 4 Filing
VP & Treasurer Jeffrey John Scissons reports acquisition and disposal of ALLETE INC common stock on February 5, 2025.
Summary
- On February 5, 2025, Jeffrey John Scissons, VP & Treasurer of ALLETE INC, reported transactions involving the company's common stock.
- Scissons acquired 669.89 shares of common stock.
- Scissons disposed of 434.3 shares of common stock at a price of $65.64.
- Following these transactions, Scissons directly owns 3,839.22 shares of common stock.
- Scissons also indirectly owns 1,477.21 shares through a Retirement Savings and Stock Ownership Plan (RSOP) Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company officers and directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company officer.
- The impact is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| January 29, 2025 | Date of ALLETE's retirement savings and stock ownership plan information used for reporting. |
| February 5, 2025 | Date of the reported stock transactions (acquisition and disposal). |
| February 7, 2025 | Date of signature for the report. |
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