Form 4: Booking Holdings CEO Glenn Fogel Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Booking Holdings CEO Glenn Fogel executed multiple sales of company stock on March 15, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Glenn Fogel, CEO and President of Booking Holdings Inc., sold shares of common stock on March 15, 2024.
- The sales were executed under a pre-existing 10b5-1(c) sales plan adopted on March 10, 2022.
- A total of 4,727 shares were sold at various prices ranging from $3,434.80 to $3,485.72.
- The weighted average sales prices for each block of transactions are detailed in the filing.
- Following the reported transactions, Mr. Fogel directly owns 27,721 shares of Booking Holdings Inc.
- The report is the second of two Forms 4s filed to report Mr. Fogel's transactions on March 15, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales by an executive under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence and are often pre-planned to avoid accusations of insider trading. The 10b5-1 plan allows insiders to sell shares at predetermined times and prices.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 2022-03-10 | Date the 10b5-1(c) sales plan was adopted |
| 2024-03-15 | Date of the reported stock sales |
| 2024-03-18 | Date of the filing |
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