Form 4: Broadridge CEO Timothy Gokey Executes Stock Option and Sells Shares
SEC Form 4 Filing
Broadridge Financial Solutions CEO Timothy Gokey exercised stock options and sold a portion of his holdings on August 23, 2024.
Summary
- On August 23, 2024, Timothy C Gokey, CEO of Broadridge Financial Solutions, exercised stock options to acquire 30,674 shares of common stock at a price of $51.95 per share.
- Simultaneously, Gokey sold 25,000 shares of Broadridge common stock at a weighted average price of $209.3096 per share, with individual sales prices ranging from $208.2300 to $210.6400.
- Following these transactions, Gokey directly owns 206,349.0271 shares of Broadridge Financial Solutions.
- The stock option exercised was granted on February 8, 2017, and expires on February 8, 2026.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It's common for executives to exercise stock options and sell shares for personal financial management. The market will likely interpret this as a standard transaction unless the volume is unusually high or accompanied by other significant news.
Stakeholder Impact
- The transaction could have a minor impact on shareholders depending on how the market interprets the CEO's stock sale.
Key Dates
| Date | Description |
|---|---|
| 02/08/2017 | Date the stock option was granted |
| 08/23/2024 | Date of stock option exercise and share sale |
| 02/08/2026 | Expiration date of the stock option |
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