Form 4: American Woodmark CEO Michael Culbreth Sells 3,500 Shares
SEC Form 4 Filing
American Woodmark's CEO, Michael Scott Culbreth, sold 3,500 shares of common stock at a price of $92.69 per share on October 1, 2024, under a pre-arranged 10b5-1 sales plan.
Summary
- On October 1, 2024, Michael Scott Culbreth, the President & CEO of American Woodmark Corp, sold 3,500 shares of the company's common stock.
- The sale was executed at a price of $92.69 per share.
- Following the transaction, Culbreth directly owns 113,432 shares of American Woodmark Corp.
- The sale was conducted under a pre-arranged 10b5-1 sales plan adopted on June 10, 2024.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to have pre-arranged trading plans (10b5-1) to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment, depending on how the market interprets the transaction.
Key Dates
| Date | Description |
|---|---|
| June 10, 2024 | Date the reporting person adopted the 10b5-1 Sales Plan |
| October 01, 2024 | Date of the transaction (stock sale) |
| October 03, 2024 | Date of the signature on the Form 4 filing |
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