Form 4: Booz Allen Hamilton EVP Matthew Calderone Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Matthew Calderone, EVP & Chief Financial Officer of Booz Allen Hamilton Holding Corp, sold 3,000 shares of Class A Common Stock on March 14 and 15, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Matthew Calderone, the EVP & Chief Financial Officer of Booz Allen Hamilton Holding Corp, reported changes in beneficial ownership.
- On March 14, 2024, Calderone sold 1,500 shares of Class A Common Stock at a price of $146.51 per share.
- On March 15, 2024, Calderone sold another 1,500 shares of Class A Common Stock at a price of $144.21 per share.
- These sales were executed under a Rule 10b5-1 trading plan adopted on December 14, 2023.
- Following these transactions, Calderone directly owns 23,962 shares of Class A Common Stock, which includes restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sales could have a minor negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| December 14, 2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| March 14, 2024 | Date of first reported transaction (sale of 1,500 shares) |
| March 15, 2024 | Date of second reported transaction (sale of 1,500 shares) |
| March 18, 2024 | Date of Form 4 filing |
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