Form 4: Ameriprise Financial Executive Gerard P. Smyth Reports Stock Transactions
SEC Form 4 Filing
EVP and CIO Gerard P. Smyth reports the exercise of stock options and sale of Ameriprise Financial (AMP) shares on February 26, 2024.
Summary
- Gerard P. Smyth, EVP and CIO of Ameriprise Financial, filed a Form 4 detailing changes in beneficial ownership.
- On February 26, 2024, Smyth exercised employee stock options to acquire 3,199 shares at $179.84 and 3,433 shares at $126.89.
- Also on February 26, 2024, Smyth sold 2,261 shares at a weighted average price of $407.1601 and 2,179 shares at a weighted average price of $408.7106.
- A total of 4,371 shares were disposed of for $408.71.
- Following these transactions, Smyth directly owns 3,787 shares of Ameriprise Financial stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by an executive, indicating neutral sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders trade their company's stock; they provide transparency into executive compensation and insider sentiment.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock option exercise and stock sales. |
| 02/28/2024 | Date of Form 4 filing. |
| 01/26/2028 | Expiration date of one set of employee stock options. |
| 02/01/2029 | Expiration date of another set of employee stock options. |
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.