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 the acquired shares on August 16, 2024.
Summary
- On August 16, 2024, Timothy C Gokey, CEO of Broadridge Financial Solutions, exercised stock options to acquire 30,675 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 $209.1102 per share, with individual sales prices ranging from $207.7900 to $209.9900.
- Following these transactions, Gokey directly owns 200,675.0271 shares of Broadridge common stock and 30,674 stock options.
- The transactions were reported on a Form 4 filing with the Securities and Exchange Commission.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports routine insider trading activity. The CEO exercised options and sold shares, which is a common practice.
Industry Context
Insider transactions are common and closely watched as they can provide insights into management's perspective on the company's valuation and future prospects. The sale could be for personal financial planning reasons and may not necessarily reflect a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 02/08/2017 | Date stock options were exercisable |
| 02/08/2026 | Expiration date of stock options |
| 08/16/2024 | Date of stock option exercise and share sale |
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