Form 4: AZEK Co Inc. Executive Michelle Kasson Reports Stock Transactions
SEC Form 4
Michelle Kasson, CIO of AZEK Co Inc., reports the exercise of stock options and subsequent sale of shares.
Summary
- Michelle Kasson, the CIO of AZEK Co Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 7, 2024, Kasson exercised non-qualified stock options to acquire 106,450 shares of Class A Common Stock at a price of $23 per share.
- On the same day, Kasson sold 94,431 shares of Class A Common Stock at a weighted average price of $49.47, with prices ranging from $49.33 to $49.62.
- Following these transactions, Kasson directly owns 23,544 shares of Class A Common Stock and 150,413 derivative securities (non-qualified stock options).
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. The information itself doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, providing transparency to investors regarding insider activity. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 06/16/2020 | Date non-qualified stock options were granted. |
| 03/07/2024 | Date of stock option exercise and sale of shares. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
| 06/16/2030 | Expiration date of the non-qualified stock options. |
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