Form 4: Ameriprise Financial Executive William Truscott Reports Stock Transactions
SEC Form 4 Filing
William Truscott, CEO of Global Asset Management at Ameriprise Financial, reports the acquisition and disposal of company stock on August 28, 2024, including shares acquired through option exercise and sold on the open market.
Summary
- On August 28, 2024, William Truscott, CEO of Global Asset Management at Ameriprise Financial, engaged in multiple transactions involving Ameriprise Financial Inc. common stock.
- Truscott exercised employee stock options to acquire 39,323 shares at a price of $126.89 per share.
- He then sold 15,584 shares at a weighted average price of $441.5576 per share, with individual sale prices ranging from $441.16 to $441.675.
- Additionally, 23,739 shares were forfeited to satisfy tax withholding obligations upon vesting.
- Following these transactions, Truscott directly owns 9,281 shares and indirectly owns 13,404 shares through an LLC and 303.73 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a routine activity. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 08/28/2024 | Date of earliest transaction: Exercise of stock options, stock sales, and forfeiture of shares for tax withholding. |
| 08/30/2024 | Date of signature on the Form 4 filing. |
| 02/01/2029 | Expiration date of the employee stock options. |
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