Form 4: Ameriprise Financial CEO James Cracchiolo Reports Stock Transaction
SEC Form 4 Filing
Ameriprise Financial CEO James Cracchiolo reported a disposition of 2,192 shares of common stock to cover tax obligations and an indirect holding of 1,703.88 shares through a 401(k) plan.
Summary
- James M. Cracchiolo, the Chairman and CEO of Ameriprise Financial, reported a transaction involving the company's common stock.
- On January 27, 2025, Mr. Cracchiolo disposed of 2,192 shares of common stock at a price of $561.38 per share.
- This disposition was likely to cover tax obligations related to vesting of stock or other compensation.
- Mr. Cracchiolo also reported an indirect beneficial ownership of 1,703.88 shares of common stock through the Ameriprise Financial 401(k) plan.
- The number of shares held in the 401(k) plan is an estimate and can fluctuate with the price of Ameriprise stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing of a stock transaction by an executive, which is neither positive nor negative in itself.
Industry Context
This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the holdings of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- Other financial services companies such as BlackRock, Charles Schwab, and Morgan Stanley also have similar filings when their executives trade company stock.
- The transaction is typical for executives who receive stock-based compensation and need to cover tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/27/2025 | Date of the stock transaction (disposal of shares). |
| 01/29/2025 | Date the Form 4 was signed. |
Keywords
Ameriprise Financial, James Cracchiolo, stock transaction, Form 4, insider trading, executive compensation, 401k, share disposal
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