Form 4: Autodesk Director Mary T. McDowell Sells 5,000 Shares

Mary T. McDowell, a director at Autodesk, Inc., sold 5,000 shares of common stock on March 1, 2024, at a price of $275 per share.

Summary

• On March 1, 2024, Mary T. McDowell, a director of Autodesk, Inc., sold 5,000 shares of the company's common stock.
• The sale was executed at a price of $275 per share.
• Following the transaction, McDowell directly owns 33,766 shares of Autodesk, Inc.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on September 13, 2023.
• The total securities beneficially owned includes 1,750 shares of unvested Restricted Stock Units.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of an insider transaction under a pre-existing trading plan.

Industry Context

This is a routine disclosure of an insider transaction. Insider sales can sometimes be interpreted negatively by the market, but the existence of a pre-arranged trading plan mitigates this concern.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder confidence, although the pre-planned nature of the sale mitigates this.

Key Dates