Form 4: AZEK Co Inc. Executive Jonathan Skelly Reports Stock Option Exercise and Sale
SEC Form 4 Filing
Jonathan Skelly, President of Research & Commercial at AZEK Co Inc., exercised stock options and sold shares on August 16, 2024.
Summary
- On August 16, 2024, Jonathan Skelly, President of Research & Commercial at AZEK Co Inc., exercised nonqualified stock options to purchase 19,022 shares of Class A Common Stock at a price of $23 per share.
- Simultaneously, Skelly sold 19,022 shares of Class A Common Stock at a price of $41.15 per share.
- Following these transactions, Skelly directly owns 189,974 shares of Class A Common Stock and 164,807 nonqualified stock options.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects standard executive compensation activity.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. The market will interpret this as a standard part of executive compensation and portfolio management.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 09/11/2020 | Date when stock options became exercisable |
| 06/16/2030 | Expiration date of the nonqualified stock options |
| 08/16/2024 | Date of stock option exercise and sale of shares |
| 08/19/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.