Form 4: Brunswick Corp Director MaryAnn Wright Reports Acquisition of Common Stock
SEC Form 4 Filing
Director MaryAnn Wright reports acquiring 504 shares of Brunswick Corp common stock at $80.64 per share on April 30, 2024.
Summary
- On April 30, 2024, MaryAnn Wright, a director of Brunswick Corp, acquired 504 shares of common stock at a price of $80.64 per share.
- These shares were deferred and deposited into the director's deferred account.
- The shares will be automatically distributed in predetermined installments after Wright ceases to be a director of the company.
- Following the transaction, Wright beneficially owns 5,562 shares of Brunswick Corp, which includes 24 shares acquired through dividend reinvestment in March 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock acquisition by a director. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The deferred shares will be distributed in predetermined installments after the director ceases being a director of the Company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like directors and officers, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The transaction increases the director's stake in the company, aligning her interests further with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| March 2024 | 24 shares acquired pursuant to dividend reinvestment |
| 04/30/2024 | Acquisition of 504 shares of common stock at $80.64 per share |
| 05/01/2024 | Date of Form 4 filing |
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