Form 4: ALLETE INC: VP & Treasurer Jeffrey John Scissons Reports Acquisition of Shares

Jeffrey John Scissons, VP & Treasurer of ALLETE INC, reports acquiring shares of common stock through dividend reinvestment and retirement savings plans.

Summary

• On January 29, 2025, Jeffrey John Scissons, VP & Treasurer of ALLETE INC, reported acquiring 965 shares of common stock.
• These shares were acquired through dividend reinvestment and the dividend equivalent feature of restricted stock grants at $0.
• Additionally, 1,477.21 shares were acquired indirectly through ALLETE's retirement savings and stock ownership plan (RSOP).
• Following these transactions, Scissons directly owns 3,603.63 shares and indirectly owns 1,477.21 shares through the RSOP Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing simply reports routine transactions related to dividend reinvestment and RSOP participation. It doesn't indicate any significant positive or negative developments.

Positives

• The acquisition of shares through dividend reinvestment and RSOP indicates confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates insider participation in company stock through dividend reinvestment and retirement plans, which is a common practice.

Stakeholder Impact

• The transactions reported may have a minor positive impact on shareholder sentiment as they reflect insider participation in the company's stock.

Key Dates