Form 4: ALLETE INC: VP & Treasurer Jeffrey John Scissons Reports Acquisition of Common Stock
SEC Form 4 Filing
Jeffrey John Scissons, VP & Treasurer of ALLETE INC, reports acquiring 196 shares of common stock and adjustments to indirect holdings through an RSOP Trust.
Summary
- On September 19, 2024, Jeffrey John Scissons, VP & Treasurer of ALLETE INC, acquired 196 shares of common stock.
- The acquisition price was $0.
- Following the transaction, Scissons directly owns 2,610.27 shares of common stock.
- Scissons also indirectly owns 1,443.97 shares through an RSOP Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of insider trading activity. The acquisition itself could be seen as slightly positive, but the overall impact is likely minimal.
Positives
- The acquisition of shares by a company officer can be seen as a positive signal, indicating confidence in the company's future.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These filings are monitored to ensure compliance with securities regulations and to provide transparency to investors.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment due to the officer's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 09/19/2024 | Date of transaction: Acquisition of common stock. |
| 09/23/2024 | Date of signature for the report. |
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