Form 4: Booz Allen Hamilton EVP Susan Penfield Executes Option Exercise and Stock Sale Under 10b5-1 Plan

EVP and Chief Technology Officer of Booz Allen Hamilton, Susan L. Penfield, exercised stock options and sold shares under a pre-arranged 10b5-1 trading plan.

Summary

• Susan L. Penfield, EVP & Chief Technology Officer of Booz Allen Hamilton Holding Corp, executed transactions involving Class A Common Stock on May 30, 2024.
• Penfield exercised options to acquire 30,161 shares at a price of $35.95 per share.
• Simultaneously, Penfield sold 18,522 shares at a weighted average price of $153.73, with individual sales ranging from $153.70 to $154.11.
• These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 8, 2024.
• Following these transactions, Penfield directly owns 33,788 shares of Class A Common Stock, inclusive of restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reports transactions executed under a pre-existing plan, with no indication of positive or negative implications for the company.

Positives

• The transactions were pre-planned under a Rule 10b5-1 trading plan, indicating an absence of insider information influence.

Future Outlook

The filing does not contain any specific forward-looking statements regarding the company's future performance or Penfield's future transactions.

Industry Context

Executive stock transactions are common and closely monitored, particularly in publicly traded companies like Booz Allen Hamilton. Rule 10b5-1 plans are frequently used to allow insiders to trade without concerns about insider trading violations.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
• The use of 10b5-1 trading plans is a standard practice among corporate executives to manage their stock holdings while avoiding potential insider trading accusations.
• The reported weighted average sale price of $153.73 is within the typical range for Booz Allen Hamilton's stock price, indicating normal market activity.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the trades mitigates concerns about insider information.

Key Dates