Form 4: Apogee Enterprises CEO Ty Silberhorn Reports Stock Acquisition
SEC Form 4 Filing
Apogee Enterprises CEO Ty Silberhorn reports acquisition of company stock and adjustments to beneficial ownership.
Summary
- On May 1, 2024, Ty R. Silberhorn, CEO and President of Apogee Enterprises, acquired 19,376 shares of common stock at a price of $62.53 per share.
- Following the transaction, Silberhorn's directly owned securities amount to 121,485 shares.
- The acquired shares vest over a three-year period, with one-third vesting annually on May 1, 2025, April 30, 2026, and April 30, 2027.
- The reported holdings include shares allocated under the Employee Stock Purchase Plan as of May 1, 2024, and restricted stock granted under the 2019 Stock Incentive Plan.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions. The CEO's purchase could be seen as mildly positive, but it's not definitive.
Positives
- The CEO's acquisition of shares may signal confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The stock acquisition could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of stock transaction and Employee Stock Purchase Plan allocation. |
| 05/01/2025 | First vesting date for one-third of the acquired shares. |
| 04/30/2026 | Second vesting date for one-third of the acquired shares. |
| 04/30/2027 | Final vesting date for one-third of the acquired shares. |
| 05/03/2024 | Date of signature on the Form 4 filing. |
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.