Form 4: Benchmark Electronics CEO Sells 6,000 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Benchmark Electronics CEO, Jeff Benck, sold 6,000 shares of common stock at $45.31 per share on January 13, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On January 13, 2025, Jeff Benck, the President and CEO of Benchmark Electronics Inc., sold 6,000 shares of the company's common stock.
- The sale was executed at a price of $45.31 per share.
- The transaction was conducted under a pre-arranged trading plan that complies with Rule 10b5-1(c).
- Following the transaction, Benck directly owns 418,173 shares of Benchmark Electronics Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding a stock sale. It doesn't inherently convey positive or negative sentiment, as it's a factual report of a transaction.
Industry Context
Executive stock sales are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan suggests the sale was arranged in advance.
Stakeholder Impact
- The sale of shares by the CEO could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 01/13/2025 | Date of stock sale transaction |
| 01/15/2025 | Date of signature on the Form 4 filing |
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