Form 4: Aptargroup CEO Stephan Tanda Exercises Stock Options and Sells Shares
SEC Filing
A Form 4 filing reveals that Aptargroup's President and CEO, Stephan B. Tanda, exercised stock options and sold a portion of his holdings on March 4, 2024.
Summary
- On March 4, 2024, Stephan B. Tanda, President and CEO of Aptargroup, Inc., exercised stock options for 32,000 shares at a price of $74.79 per share.
- Following the exercise of options, Mr. Tanda sold 31,600 shares at a weighted average price of $141.6635 and 400 shares at a weighted average price of $142.0675.
- After these transactions, Mr. Tanda directly owns 159,024 shares of Aptargroup common stock and indirectly owns 2,766 shares through a 401(k) trust.
- He also holds 101,838 derivative securities in the form of stock options.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing insider transactions. It doesn't convey any explicit positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's outlook or performance. Investors often monitor such filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 02/10/2018 | Date stock options were exercisable |
| 02/10/2027 | Expiration date of stock options |
| 03/04/2024 | Date of stock option exercise and share sales |
| 03/05/2024 | Date of Form 4 filing |
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