Form 4: Autodesk Director Mary T. McDowell Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Director Mary T. McDowell sold Autodesk shares on June 14 and June 17, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Mary T. McDowell, a director of Autodesk, Inc., reported the sale of company stock.
- On June 14, 2024, she sold 1,100 shares of Common Stock at a price of $226.21 per share.
- On June 17, 2024, she sold 550 shares of Common Stock at a price of $235 per share.
- The sales were executed under a Rule 10b5-1 trading plan adopted on September 13, 2023.
- Following these transactions, McDowell directly owns 31,566 shares of Autodesk, Inc., including 1,750 unvested Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by a company director. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
Sales by insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices, avoiding accusations of trading on inside information.
Stakeholder Impact
- The stock sales by a director could be perceived negatively by some 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 |
| 06/14/2024 | Date of first stock sale (1,100 shares at $226.21) |
| 06/17/2024 | Date of second stock sale (550 shares at $235) |
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