Form 4: Allison Transmission VP Rafael Basso Executes Stock Options and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Rafael Basso, VP of Operations at Allison Transmission Holdings Inc, exercised employee stock options and sold 12,624 shares of common stock at $74.48 per share on May 30, 2024, according to a Form 4 filing.
Summary
- On May 30, 2024, Rafael Basso, VP of Operations at Allison Transmission Holdings Inc, exercised employee stock options to acquire a total of 12,624 shares of common stock.
- These options were exercised at prices of $37.11, $43.3, $49.6, and $43.24.
- Concurrently, Basso sold 12,624 shares of common stock at a price of $74.48 per share.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 29, 2024.
- Following these transactions, Basso directly owns 4,624 shares of Allison Transmission Holdings Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports routine stock transactions by an executive. The use of a 10b5-1 plan suggests pre-planned transactions.
Positives
- The Rule 10b5-1 trading plan suggests a pre-planned and orderly approach to stock transactions, potentially mitigating concerns about insider trading.
Industry Context
Executive stock transactions are common and closely monitored in the industry. The use of a 10b5-1 plan is a standard practice to avoid insider trading accusations.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some investors, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 02/22/2020 | Employee Stock Option (right to buy) $ 37.11 vested |
| 02/07/2021 | Employee Stock Option (right to buy) $ 43.3 vested |
| 02/20/2022 | Employee Stock Option (right to buy) $ 49.6 vested |
| 02/25/2023 | Employee Stock Option (right to buy) $ 43.24 vested |
| 02/29/2024 | Reporting person adopted a Rule 10b5-1 trading plan |
| 05/30/2024 | Rafael Basso exercised stock options and sold shares |
| 02/21/2027 | Expiration Date of Employee Stock Option (right to buy) $ 37.11 |
| 02/07/2028 | Expiration Date of Employee Stock Option (right to buy) $ 43.3 |
| 02/20/2029 | Expiration Date of Employee Stock Option (right to buy) $ 49.6 |
| 02/25/2030 | Expiration Date of Employee Stock Option (right to buy) $ 43.24 |
| 05/31/2024 | Date of signature for the Form 4 filing |
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