Form 4: Autodesk Director Mary T. McDowell Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Mary T. McDowell, a director at Autodesk, Inc., sold 550 shares of common stock at $265.50 per share on September 16, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On September 16, 2024, Mary T. McDowell, a director of Autodesk, Inc., sold 550 shares of the company's common stock.
- The sale was executed at a price of $265.50 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on September 13, 2023.
- Following the transaction, McDowell directly owns 31,349 shares of Autodesk, Inc., including 1,433 unvested Restricted Stock Units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction under a pre-existing trading plan. There is no indication of positive or negative implications for the company.
Industry Context
Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any inside information.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 09/13/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 09/16/2024 | Date of transaction (sale of shares) |
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