Form 4: Autodesk Director Mary T. McDowell Sells 550 Shares Under 10b5-1 Trading Plan

Autodesk director Mary T. McDowell sold 550 shares of common stock at $305.06 per share on November 15, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Mary T. McDowell, a director at Autodesk, Inc., sold 550 shares of common stock on November 15, 2024.
• The sale was executed at a price of $305.06 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 13, 2023.
• Following the transaction, McDowell beneficially owns 30,249 shares, which includes 1,433 unvested Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of a stock sale by a director under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine disclosure of an insider stock sale, which is common for directors and officers of public companies. The use of a 10b5-1 trading plan indicates the sale was pre-planned and not based on any material non-public information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice for corporate insiders to avoid accusations of insider trading.
• Similar filings are regularly made by directors and officers of publicly traded companies like Adobe (ADBE) and Microsoft (MSFT) when they sell shares.

Stakeholder Impact

• The sale is unlikely to have a significant impact on stakeholders as it is a small transaction by a single director under a pre-arranged plan.

Key Dates

Keywords

Autodesk, insider trading, Form 4, stock sale, Mary T. McDowell, Rule 10b5-1, director, ADSK