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

Mary T. McDowell, a director at Autodesk, Inc., sold 550 shares of common stock at $253.33 per share on July 15, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On July 15, 2024, Mary T. McDowell, a director of Autodesk, Inc., sold 550 shares of Autodesk's common stock.
• The sale was executed at a price of $253.33 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on September 13, 2023.
• Following the transaction, McDowell directly owns 31,016 shares of Autodesk, Inc., including 1,750 unvested Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The use of a 10b5-1 plan suggests the sale was pre-planned and does not necessarily reflect a negative outlook on the company.

Industry Context

Sales by company directors are a normal part of corporate governance. The use of a 10b5-1 trading plan indicates that the sales were pre-planned and not based on insider information.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates