Form 4: Booz Allen Hamilton EVP Nancy Laben Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Nancy Laben, EVP & Chief Legal Officer of Booz Allen Hamilton, sold 11,984 shares of Class A Common Stock at $180.96 per share on October 25, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On October 25, 2024, Nancy Laben, the EVP & Chief Legal Officer of Booz Allen Hamilton Holding Corp, sold 11,984 shares of Class A Common Stock.
- The sale was executed at a price of $180.96 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on May 30, 2024.
- Following the transaction, Laben directly owns 24,805 shares, which includes restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares under a pre-arranged plan.
Industry Context
Executive stock sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares without raising concerns about insider trading, as the plans are established in advance.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| May 30, 2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| October 25, 2024 | Date of the transaction (sale of shares) |
| October 28, 2024 | Date of the Form 4 filing |
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