Form 4: Autodesk Executive Lorrie Norrington Sells Shares Under Pre-Arranged Trading Plan

Autodesk executive Lorrie Norrington sold 1,778 shares of common stock on December 11, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Autodesk executive Lorrie Norrington sold 1,778 shares of common stock on December 11, 2024.
• The sale was executed at a price of $305.37 per share.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 4, 2024.
• Following the sale, Norrington still beneficially owns 7,981 shares of unvested Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale under a pre-arranged plan, which is neither particularly positive nor negative.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, although this sale was under a pre-arranged plan.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies, often managed through pre-arranged trading plans to avoid accusations of insider trading.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a standard practice for executives at publicly traded companies like Autodesk, similar to practices at companies such as Adobe (ADBE) and Microsoft (MSFT).
• These plans allow executives to sell shares at predetermined times and prices, mitigating concerns about insider trading.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but the pre-arranged nature of the sale mitigates potential concerns.

Key Dates

Keywords

Autodesk, stock sale, Rule 10b5-1, executive, Lorrie Norrington, trading plan, ADSK