Form 4: Broadridge Executive Douglas Deschutter Executes Stock Options and Sells Shares
SEC Form 4
Douglas Deschutter, Co-President of ICS at Broadridge Financial Solutions, exercised stock options and sold shares of common stock on November 7, 2024.
Summary
- On November 7, 2024, Douglas Deschutter, Co-President of ICS at Broadridge Financial Solutions, exercised stock options to acquire 8,999 shares at $67.32 and 8,764 shares at $51.95.
- Deschutter also sold 7,133 shares, 7,481 shares, and 9,571 shares of common stock at a weighted average price of $220.2116.
- Following these transactions, Deschutter directly owns 27,136.8948 shares of Broadridge Financial Solutions.
- The sales were executed at prices ranging from $219.54 to $221.24.
Sentiment
Score: 5
Explanation: This Form 4 filing represents routine executive stock transactions. The sentiment is neutral as it reflects standard compensation practices and portfolio management.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's value and future prospects.
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 |
|---|---|
| 02/08/2017 | Date stock options were exercisable |
| 02/10/2018 | Date stock options were exercisable |
| 02/08/2026 | Expiration date of stock options |
| 02/10/2027 | Expiration date of stock options |
| 11/07/2024 | Date of stock option exercise and share sales |
| 11/08/2024 | Date of Form 4 signature |
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