Form 4: Autodesk Director Mary T. McDowell Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Autodesk director Mary T. McDowell sold 550 shares of common stock at $256.66 per share on March 15, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On March 15, 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 $256.66 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on September 13, 2023.
- Following the transaction, McDowell directly owns 33,216 shares of Autodesk common stock, including 1,750 unvested Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 09/13/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 03/15/2024 | Date of transaction (sale of shares) |
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