Form 4: Buckle Inc. President and CEO Dennis H. Nelson Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Dennis H. Nelson, President and CEO of Buckle Inc., sold 20,453 shares of common stock at a price of $44.3512 per share on September 18, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On September 18, 2024, Dennis H. Nelson, the President and CEO of Buckle Inc. (BKE), sold 20,453 shares of the company's common stock.
- The sale was executed at a price of $44.3512 per share.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on April 24, 2024.
- Following the transaction, Nelson directly owns 324,000 shares.
- Nelson also has indirect ownership through a trust (1,883,905 shares), his wife (67,500 shares), a family trust (645.3 shares), and a 401(k) plan (14,048.87 shares as of August 31, 2024).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan. It doesn't necessarily indicate a positive or negative outlook on the company's future.
Industry Context
Sales by insiders are a common occurrence and are often planned in advance, especially when executed under 10b5-1 plans. It's important to consider the overall context of insider transactions, including the company's performance and industry trends.
Key Dates
| Date | Description |
|---|---|
| 04/24/2024 | Date the reporting person adopted the 10b5-1 trading plan |
| 08/31/2024 | Holdings as of this date, as reported by plan administrator |
| 09/18/2024 | Date of the transaction (sale of shares) |
| 09/19/2024 | Date of report |
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