Form 4: Bio-Techne Corp Director Exercises Stock Options and Reports Beneficial Ownership
SEC Form 4 Filing
Director John L. Higgins exercised stock options and reported changes in beneficial ownership of Bio-Techne Corp shares.
Summary
- On July 8, 2024, John L. Higgins, a director of Bio-Techne Corp, exercised stock options to acquire 6,000 shares of common stock at a price of $22.95 per share.
- This transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
- Following the transaction, Higgins directly owns 42,608 shares of Bio-Techne Corp common stock.
- Higgins also holds various stock options with different exercise prices and expiration dates, totaling 66,973 shares.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine filing; the exercise of options could be seen as mildly positive, but it's not a major event.
Positives
- The exercise of stock options by a director can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it's a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 10/30/2014 | Date of stock options grant |
| 10/29/2016 | Date of stock options grant |
| 10/26/2017 | Date of stock options grant |
| 10/25/2018 | Date of stock options grant |
| 10/24/2019 | Date of stock options grant |
| 10/24/2020 | Date of stock options grant |
| 10/28/2021 | Date of stock options grant |
| 10/27/2022 | Date of stock options grant |
| 10/26/2023 | Date of stock options grant |
| 07/08/2024 | Date of transaction: Exercise of stock options |
| 07/10/2024 | Date of filing |
| 10/28/2025 | Expiration date of stock options |
| 10/26/2026 | Expiration date of stock options |
| 10/27/2027 | Expiration date of stock options |
| 10/25/2028 | Expiration date of stock options |
| 10/24/2029 | Expiration date of stock options |
| 10/29/2030 | Expiration date of stock options |
| 10/28/2031 | Expiration date of stock options |
| 10/27/2032 | Expiration date of stock options |
| 10/26/2033 | Expiration date of stock options |
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