Form 4: Ameriprise Financial Executive Reports Stock Transactions

William F. Truscott, CEO of Global Asset Management at Ameriprise Financial, reports acquisition and disposal of common stock and phantom stock.

Summary

• On July 11, 2024, William F. Truscott, CEO of Global Asset Management at Ameriprise Financial, engaged in transactions involving Ameriprise Financial Inc. common stock and phantom stock.
• He acquired 501.5187 shares of common stock through phantom stock conversion.
• He disposed of 231.5187 shares of common stock to satisfy tax obligations at a price of $439.82 per share.
• Following these transactions, Truscott directly owns 9,281 shares of common stock, indirectly owns 13,404 shares through an LLC, and 302.4446 shares through a 401(k) plan.
• He also holds 1,247.6175 shares of phantom stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies like Ameriprise Financial, similar to filings made by executives at companies like BlackRock, Goldman Sachs, and Morgan Stanley.
• The transactions reported are typical for executives managing their equity compensation, often involving the exercise of stock options or vesting of restricted stock units, followed by sales to cover tax liabilities.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors, as they represent routine executive stock transactions.

Key Dates