Form 4: Blue Bird Corp CEO Phil Horlock Executes Stock Options and Sells Shares
SEC Form 4
Blue Bird Corporation's CEO, Phil Horlock, exercised stock options and sold shares of common stock between September 12 and September 16, 2024.
Summary
- Phil Horlock, CEO of Blue Bird Corp, engaged in multiple transactions involving the company's common stock.
- On September 12, 2024, Horlock exercised stock options to acquire 18,239 shares at $16.20, 6,805 shares at $15.50, and 5,000 shares at $18.10.
- On September 13, 2024, he sold 30,044 shares at an average price of $49.20 and exercised options for 29,708 shares at $18.10.
- On September 16, 2024, Horlock sold 29,708 shares at an average price of $50.80.
- Following these transactions, Horlock directly owns 299,812 shares of Blue Bird Corp common stock.
- He also holds options to purchase 9,875 shares at $18.10 and 19,833 shares at $18.10.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider transactions. The sentiment is neutral as it simply reports facts without expressing any opinion or outlook.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for signals about management's confidence in the company's future prospects.
Stakeholder Impact
- Shareholders may interpret these transactions as a signal of the CEO's view on the company's stock valuation and future performance.
Key Dates
| Date | Description |
|---|---|
| 12/11/2018 | Date of stock option grant. |
| 12/11/2019 | Date of stock option grant. |
| 12/11/2021 | Originally scheduled vesting date for stock options. |
| 12/11/2022 | Originally scheduled vesting date for stock options. |
| 12/11/2023 | Originally scheduled vesting date for stock options. |
| 10/31/2021 | Accelerated vesting date for stock options due to retirement. |
| 09/12/2024 | Date of stock option exercise and common stock acquisition. |
| 09/13/2024 | Date of common stock sale and stock option exercise. |
| 09/16/2024 | Date of common stock sale. |
| 12/31/2026 | Expiration date of stock options. |
| 01/02/2027 | Expiration date of stock options. |
| 12/11/2027 | Expiration date of stock options. |
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