Form 4: Broadridge Director Leslie A. Brun Executes Stock Option and Sells Shares
SEC Form 4
Director Leslie A. Brun exercised stock options and sold shares of Broadridge Financial Solutions, Inc. on August 26, 2024.
Summary
- On August 26, 2024, Leslie A. Brun, a director of Broadridge Financial Solutions, Inc., executed a stock option to acquire 9,445 shares of common stock at a price of $45.09 per share.
- On the same day, Brun sold 5,739 shares of Broadridge common stock at a weighted average price of $210.0502, with prices ranging from $209.885 to $210.225.
- Following these transactions, Brun directly owns 77,318 shares of Broadridge Financial Solutions, Inc.
- The stock option was granted on November 13, 2014, and was set to expire on November 13, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the buying and selling activities of company directors. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 11/13/2014 | Date of grant of the stock option. |
| 08/26/2024 | Date of stock option exercise and share sale. |
| 08/27/2024 | Date of Form 4 signature. |
| 11/13/2024 | Expiration date of the stock option. |
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