Form 4: Atkore Inc. President and CEO, William E. Waltz Jr., Reports Stock Transactions
SEC Form 4 Filing
William E. Waltz Jr., President and CEO of Atkore Inc., reported the acquisition of 30,024 restricted stock units and the disposal of 132,684 shares held by a trust.
Summary
- William E. Waltz Jr., the President and CEO of Atkore Inc., has filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On November 18, 2024, Mr. Waltz acquired 30,024 restricted stock units (RSUs) which vest over three years.
- These RSUs will convert to common stock no later than March 15th of the year following vesting.
- He also reported the disposal of 132,684 shares held indirectly through a trust where his spouse is the beneficiary.
- Following these transactions, Mr. Waltz directly owns 114,754.9221 shares, which includes unvested RSUs and accrued dividend equivalents.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself.
Industry Context
This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders who trade their company's stock. It provides transparency into the transactions of key personnel.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
- The reporting of restricted stock unit grants and trust-held shares is consistent with SEC regulations and industry norms.
- Similar filings are made by executives at comparable companies such as ABB, Eaton, and Legrand, when they engage in stock transactions.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of company leadership.
- The filing is a routine disclosure and is not expected to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 11/18/2024 | Date of the reported stock transactions, including the acquisition of RSUs and disposal of shares. |
| 11/20/2024 | Date the Form 4 was signed by Daniel S. Kelly, Attorney-in-Fact for William E. Waltz, Jr. |
Keywords
Atkore Inc., William E. Waltz Jr., Form 4, restricted stock units, RSUs, beneficial ownership, stock transaction, insider trading
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