Form 4: Atkore Inc. CEO William E. Waltz Jr. Sells Shares in Multiple Transactions
SEC Form 4 Filing
Atkore Inc.'s President and CEO, William E. Waltz Jr., sold a significant number of common stock shares in two separate transactions on November 26th and 27th, 2024.
Summary
- William E. Waltz Jr., President and CEO of Atkore Inc., executed two transactions involving the sale of company stock.
- On November 26, 2024, Mr. Waltz sold 61,079 shares of common stock at a weighted average price of $95.2067 per share.
- The sales on November 26th occurred at prices ranging from $94.6604 to $96.5473 per share.
- On November 27, 2024, he sold an additional 59,019 shares at a weighted average price of $92.6423 per share.
- The sales on November 27th occurred at prices ranging from $92.0621 to $94.9030 per share.
- Following these transactions, Mr. Waltz directly owns 114,754.9221 shares, which includes unvested restricted stock units and accrued dividend equivalent units.
- He also indirectly owns 12,586 shares through a trust where his spouse is the beneficiary and trustee.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, which is neutral in sentiment. The stock sales themselves could be interpreted as slightly negative, but are not unusual.
Risks
- Significant sales of stock by a company's CEO could be interpreted negatively by the market, potentially impacting the stock price.
Industry Context
Executive stock sales are a common occurrence, but the size and timing can be closely watched by investors for insights into management's perspective on the company's future.
Comparison to Industry Standards
- Executive stock sales are a normal part of compensation and portfolio management for executives in publicly traded companies.
- The size of these transactions is not unusual for a CEO of a company the size of Atkore Inc.
- It is common for executives to sell shares to diversify their holdings or for personal financial planning.
Stakeholder Impact
- Shareholders may react to the stock sales by the CEO, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 11/26/2024 | Date of the first stock sale transaction by William E. Waltz Jr. |
| 11/27/2024 | Date of the second stock sale transaction by William E. Waltz Jr. |
Keywords
Atkore Inc, William E. Waltz Jr, stock sale, insider trading, SEC Form 4, executive transactions, common stock
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