Form 4: Ameriprise Financial CEO James Cracchiolo Sells Shares
SEC Form 4
James Cracchiolo, Chairman and CEO of Ameriprise Financial, sold 33,692 shares of common stock at a price of $144.5644 on July 31, 2017.
Summary
- James M. Cracchiolo, Chairman and CEO of Ameriprise Financial, filed a Form 4 detailing changes in beneficial ownership.
- On July 31, 2017, Cracchiolo sold 33,692 shares of Ameriprise Financial common stock at a price of $144.5644 per share.
- Following the transaction, Cracchiolo directly owns 132,752 shares of Ameriprise Financial common stock.
- Cracchiolo also indirectly owns 1,704.51 shares through the Ameriprise Financial 401(k) plan, estimated as of January 31, 2025.
- The filing also includes a correction to the number of shares held following the reported transaction.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by the CEO. It doesn't inherently convey positive or negative sentiment, but the market's reaction to the sale could influence sentiment.
Industry Context
Executive stock sales are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's future prospects. However, they can be for a variety of reasons including diversification, tax planning, or personal expenses.
Stakeholder Impact
- Shareholders may react to the CEO's stock sale, potentially impacting the stock price.
- The sale could be perceived as a lack of confidence in the company's future performance, although it could also be for personal financial reasons.
Key Dates
| Date | Description |
|---|---|
| 07/31/2017 | Date of stock sale transaction. |
| 01/31/2025 | Date for the estimate of shares held in the 401(k) plan. |
| 03/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Ameriprise Financial, James Cracchiolo, stock sale, Form 4, beneficial ownership, AMP, CEO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.