Form 4: Autodesk Director Lorrie Norrington Sells Shares Under 10b5-1 Plan

Autodesk director Lorrie Norrington sold 1,778 shares of common stock at $305.92 per share on December 6, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Lorrie Norrington, a director at Autodesk, sold 1,778 shares of common stock on December 6, 2024.
• The sale was executed at a price of $305.92 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 4, 2024.
• Following the transaction, Ms. Norrington beneficially owns 11,759 shares, which includes 7,981 unvested Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for a stock sale by a director under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

This is a routine filing related to insider trading activity, which is common for directors and officers of publicly traded companies. The use of a 10b5-1 plan indicates a pre-planned sale, which is a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice among corporate insiders at publicly traded companies like Autodesk, similar to practices at companies such as Adobe (ADBE) and Microsoft (MSFT).
• The sale of shares by a director is a common occurrence and is not unusual in the context of corporate governance and executive compensation.
• The volume of shares sold is relatively small compared to the total outstanding shares of Autodesk, and is not likely to have a significant impact on the stock price.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect due to the pre-planned nature of the transaction.

Key Dates

Keywords

Autodesk, Director, Share Sale, Form 4, 10b5-1 Plan, Insider Trading, Stock Transaction