Form 4: ALLETE INC: Steven Wayne Morris Reports Changes in Beneficial Ownership
SEC Form 4
Steven Wayne Morris, Sr VP & CFO of ALLETE INC, reports acquisition and disposal of common stock on February 5, 2025.
Summary
- Steven Wayne Morris, a Senior VP & CFO at ALLETE INC [ALE], reported changes in beneficial ownership of the company's common stock on February 5, 2025.
- Morris acquired 1,241.31 shares of common stock.
- Morris disposed of 972.33 shares of common stock at a price of $65.64.
- Following these transactions, Morris directly owns 16,457.32 shares of common stock and indirectly owns 1,766.31 shares through an RSOP Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's stock.
Stakeholder Impact
- Provides transparency to shareholders regarding insider transactions.
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 transactions (acquisition and disposal of common stock). |
| February 7, 2025 | Date of signature for the report. |
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