Form 4: GAMCO Investors et al. Report Sale of STRATTEC Security Corp Shares

GAMCO Investors, Inc. and related entities reported the sale of 200 shares of STRATTEC Security Corp common stock at a price of $38.7059 per share on September 19, 2024.

Summary

• On September 19, 2024, GAMCO Investors, Inc., along with Associated Capital Group, Inc., GGCP, Inc., and Mario J. Gabelli, reported a transaction involving STRATTEC Security Corp (STRT).
• The transaction involved the sale of 200 shares of Common Stock at a price of $38.7059 per share.
• Following the transaction, the reporting entities indirectly beneficially own 1,400 shares through an investment partnership.
• The reporting persons disclaim ownership of these securities in excess of their pecuniary interests.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of a share sale. No explicit positive or negative outlook is provided.

Management Comments

• The Reporting Persons hereby disclaim ownership of these securities in excess of their pecuniary interests.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's stock. This filing indicates a change in ownership by a major shareholder of STRATTEC Security Corp.

Stakeholder Impact

• The sale of shares by a significant shareholder could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates