Form 4: ATI INC Executive Sells Shares Under 10b5-1 Trading Plan

Elliot S. Davis, Chief Legal & Compliance Officer of ATI INC, sold 45,351 shares of common stock at an average price of $49.12 on February 29, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On February 29, 2024, Elliot S. Davis, the Chief Legal & Compliance Officer of ATI INC, sold 45,351 shares of the company's common stock.
• The sale was executed at a weighted average price of $49.12 per share, with individual trades ranging from $48.65 to $49.61.
• The transaction was conducted under a pre-existing 10b5-1 trading plan established on September 15, 2023.
• Following the reported transaction, Davis directly owns 123,926.6389 shares of ATI INC.
• The reporting person undertakes to provide full information regarding the number of shares and prices at which the transaction was effected upon request to the SEC staff, the issuer or a security holder of the issuer.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine disclosure of an insider stock sale under a pre-arranged trading plan, which is a common practice among corporate executives to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 trading plan mitigates concerns about insider trading.

Key Dates