Form 4: Ameriprise Financial Inc. Director Sells Shares

Robert Francis Sharpe JR, a director at Ameriprise Financial Inc., sold 1,500 shares of common stock at an average price of $438.0674 on May 16, 2024.

Summary

• On May 16, 2024, Robert Francis Sharpe JR, a director of Ameriprise Financial Inc., sold 1,500 shares of the company's common stock.
• The sale was executed at a weighted average price of $438.0674 per share, with individual sale prices ranging from $437.96 to $438.525.
• Following the transaction, Sharpe directly owns 3,625 shares and indirectly owns 11,000 shares through a trust for a family member, 1,650 shares through an irrevocable trust for a family member, and 550 shares through the reporting person's revocable trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a director's sale of shares. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

This is a routine disclosure of insider trading activity. It is common for company directors and officers to buy and sell shares of their company, and these transactions are closely monitored by regulators to prevent illegal insider trading.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder confidence, but is unlikely to be significant unless part of a larger trend.

Key Dates