Form 4: Alpha Pro Tech CFO Colleen McDonald Reports Stock Option Exercises and Resulting Share Ownership
SEC Form 4 Filing
CFO Colleen McDonald of Alpha Pro Tech Ltd. reports exercising stock options and subsequent changes in beneficial ownership of company shares.
Summary
- On March 18, 2024, Colleen McDonald, CFO of Alpha Pro Tech Ltd., executed transactions involving company stock and options.
- McDonald exercised options to acquire 30,000 shares of common stock at a price of $3.62 per share.
- These options had various exercisable dates (March 20, 2020, March 20, 2021, and March 20, 2022) and expired on March 19, 2024.
- Following these transactions, McDonald directly owns 75,833 shares of Alpha Pro Tech Ltd.
- The reported transactions also reflect a decrease in the number of derivative securities (options) beneficially owned by McDonald.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting neutral sentiment. It simply reports transactions without expressing any positive or negative outlook.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency regarding the actions of company executives related to the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it changes the ownership structure slightly.
Key Dates
| Date | Description |
|---|---|
| 03/20/2020 | One of the dates the options were exercisable |
| 03/20/2021 | One of the dates the options were exercisable |
| 03/20/2022 | One of the dates the options were exercisable |
| 03/18/2024 | Date of the reported transaction: Colleen McDonald exercised stock options. |
| 03/19/2024 | Expiration date of the exercised stock options. |
| 03/20/2024 | Date of signature on the Form 4 filing. |
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