Form 4: Broadridge Executive Laura Matlin Exercises Stock Options and Sells Shares
SEC Form 4
Laura Matlin, a CVP at Broadridge Financial Solutions, exercised stock options and sold shares on November 12, 2024.
Summary
- On November 12, 2024, Laura Matlin, CVP, Deputy GC and CCO of Broadridge Financial Solutions, exercised stock options to acquire 3,920 shares at $117.34 and 3,888 shares at $98.31.
- She then sold 3,351 shares and 3,459 shares at a weighted average price of $227.6543.
- Following these transactions, Matlin directly owns 7,115.696 shares of Broadridge Financial Solutions.
- The transactions were executed pursuant to Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: This is a routine Form 4 filing, indicating normal trading activity by an insider. It doesn't inherently suggest positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of the financial markets, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
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 |
|---|---|
| 02/11/2020 | Date exercisable for 3,888 stock options. |
| 02/04/2021 | Date exercisable for 3,920 stock options. |
| 02/11/2029 | Expiration date for 3,888 stock options. |
| 02/04/2030 | Expiration date for 3,920 stock options. |
| 11/12/2024 | Date of stock option exercise and share sale. |
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