Form 4: Atkore Inc. Executive John W. Pregenzer Reports Changes in Beneficial Ownership

Atkore Inc. executive John W. Pregenzer reported several transactions involving common stock and derivative securities, including the acquisition of dividend equivalent units and the withholding of shares for tax purposes.

Summary

• John W. Pregenzer, President of Electrical at Atkore Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
• The transactions include the acquisition of common stock through dividend equivalent units on unvested restricted stock units (RSUs) on March 15, 2024, May 31, 2024 and August 30, 2024.
• These acquisitions resulted in an increase of 11.5599, 12.2169 and 19.832 shares respectively.
• Additionally, 458 shares were disposed of on November 11, 2024, to cover withholding taxes on vested RSUs at a price of $95.73 per share.
• The reported transactions also include the accumulation of dividend equivalent units on unvested RSUs.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It does not contain any information that would indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions and is typical for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for all publicly traded companies in the United States.
• The transactions reported are typical for executives who receive stock-based compensation.
• The withholding of shares for tax purposes is a common practice.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Atkore Inc., Stock Transactions, Dividend Equivalent Units, Restricted Stock Units, Executive Compensation, Insider Trading