4/A: Atkore Inc. Executive Corrects Stock Transaction Reporting After Clerical Error

An Atkore Inc. executive, John W. Pregenzer, amended a previous SEC filing to correct a reporting error regarding a stock option exercise and subsequent sale.

Summary

• John W. Pregenzer, President of Electrical at Atkore Inc., filed an amendment to a previous Form 4 filing with the SEC.
• The amendment corrects a clerical error in the original filing, which incorrectly reported the exercise of stock options and subsequent sale of shares as a simple sale of shares.
• On February 26, 2024, Mr. Pregenzer exercised 6,548 stock options at a price of $17.90 per share.
• Following the exercise, Mr. Pregenzer sold the 6,548 shares at a weighted average price of $158.4948 per share, with individual sales ranging from $157.71 to $159.42.
• After these transactions, Mr. Pregenzer beneficially owns 36,978 shares of Atkore Inc. common stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a clerical error in a stock transaction filing. It does not indicate any significant positive or negative sentiment, but the correction is a positive sign of transparency.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It is important for transparency and regulatory compliance.

Comparison to Industry Standards

• The reporting of stock transactions by company insiders is a standard practice across all publicly traded companies.
• Companies like ABB, Siemens, and Schneider Electric, which are competitors of Atkore, also have similar reporting requirements for their executives.
• The specific details of the transactions, such as the number of shares and prices, are unique to each individual and company, but the process of reporting is consistent.

Stakeholder Impact

• The correction of the filing ensures transparency for shareholders regarding executive stock transactions.
• The impact on employees, customers, suppliers, and creditors is likely minimal as this is a routine filing.

Key Dates

Keywords

Atkore Inc., stock options, SEC filing, Form 4, insider trading, John W. Pregenzer, stock sale, amendment