Form 4: Bio-Techne CFO James Hippel Reports Stock Option Exercise and Share Disposal
SEC Form 4 Filing
Bio-Techne CFO James Hippel exercised stock options and disposed of shares on August 2, 2024, according to a Form 4 filing with the SEC.
Summary
- On August 2, 2024, James Hippel, CFO of Bio-Techne Corp, exercised stock options for 53,000 shares at a price of $31.26.
- Following the exercise, Hippel disposed of 36,076 shares at a price of $82.35.
- After these transactions, Hippel directly owns 99,926 shares of Bio-Techne Corp common stock.
- Hippel also holds various stock options and restricted stock units with different vesting schedules and exercise prices.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider transactions. The sentiment is neither positive nor negative as it simply reflects the CFO's exercise of options and subsequent sale of shares.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may interpret the CFO's stock disposal as a signal, although option exercises and sales are common and don't always reflect a negative outlook.
Key Dates
| Date | Description |
|---|---|
| 08/02/2024 | Date of stock option exercise and share disposal |
| 08/06/2024 | Date of signature by Attorney-in-Fact |
| 08/09/2024 | Stock Options (Right to Buy) $ 31.26 Expiration Date |
| 08/08/2025 | Stock Options (Right to Buy) $ 44.33 Expiration Date |
| 08/07/2026 | Stock Options (Right to Buy) $ 47.6 Expiration Date |
| 08/05/2027 | Stock Options (Right to Buy) $ 66.97 Expiration Date |
| 08/06/2028 | Stock Options (Right to Buy) $ 120.46 Expiration Date |
| 08/15/2029 | Performance Stock Options (Right to Buy) $ 94.52 Expiration Date |
| 08/15/2030 | Performance Stock Options (Right to Buy) $ 84.61 Expiration Date |
| 11/01/2024 | Restricted stock units vest |
| 11/01/2025 | Restricted stock units vest |
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