Form 4: ALLETE INC: Officer Skelton Reports Stock Transactions
SEC Form 4
Joshua Jon Skelton, VP and COO of Minnesota Power, reports acquisition and disposal of ALLETE INC stock on February 5, 2025.
Summary
- On February 5, 2025, Joshua Jon Skelton, VP and COO of Minnesota Power, reported transactions involving ALLETE INC [ALE] common stock.
- Skelton acquired 664.84 shares of common stock.
- Skelton disposed of 690.48 shares of common stock at a price of $65.64.
- Following these transactions, Skelton directly owns 8,422.63 shares of common stock.
- Skelton also indirectly owns 728.1 shares through a spouse and 9,021.28 shares through RSOP Trusts.
- The report was signed by Ingrid K. Johnson on behalf of Joshua J. Skelton on February 7, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, indicating neutral sentiment.
Industry Context
This is a routine disclosure of stock transactions by a company officer, as required by the SEC. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 01/29/2025 | Date of ALLETE's retirement savings and stock ownership plan information used for the report. |
| 02/05/2025 | Date of stock acquisition and disposal transactions. |
| 02/07/2025 | Date of report signature. |
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