Form 4: Broadridge CEO Timothy Gokey Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Broadridge CEO Timothy Gokey sold 11,724 shares of common stock on April 2, 2025, as part of a pre-arranged 10b5-1 trading plan.
Summary
- On April 1, 2025, Broadridge CEO Timothy C Gokey disposed of 15,000 shares of common stock to cover tax obligations.
- On April 2, 2025, Gokey sold 11,724 shares of Broadridge common stock at a weighted average price of $245.0726 per share.
- The sales were executed under a 10b5-1 trading plan adopted on December 9, 2024.
- Following the transactions, Gokey directly owns 143,064.0271 shares of Broadridge common stock.
Sentiment
Score: 5
Explanation: The document reports routine transactions (share sales under a 10b5-1 plan) and has a neutral sentiment.
Industry Context
Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan indicates the sales were pre-planned and not based on insider information.
Stakeholder Impact
- The sale of shares by the CEO could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this.
Key Dates
| Date | Description |
|---|---|
| 12/09/2024 | Date of adoption of the 10b5-1 trading plan |
| 04/01/2025 | Date of disposition of 15,000 shares |
| 04/02/2025 | Date of sale of 11,724 shares |
| 04/03/2025 | Date of Form 4 filing |
Keywords
Broadridge, Timothy Gokey, share sale, Form 4, 10b5-1 plan, CEO, BR
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