Form 4: CACI CFO Jeffrey MacLauchlan Reports Stock Transactions
SEC Form 4 Filing
CACI International's CFO, Jeffrey MacLauchlan, reported the acquisition and disposal of company stock and restricted stock units on October 1, 2024.
Summary
- On October 1, 2024, Jeffrey D. MacLauchlan, CFO of CACI International, reported transactions involving CACI common stock and restricted stock units.
- These transactions included the vesting of restricted stock units granted in 2022 and 2023, as well as the grant of new restricted stock units and performance restricted stock units in 2024.
- Specifically, 287 restricted stock units from the 2022 grant and 1,061 restricted stock units from the 2023 grant vested.
- Mr. MacLauchlan also acquired 1,978 restricted stock units and 1,978 performance restricted stock units, both granted on October 1, 2024.
- A total of 139 shares were disposed of at a price of $505.62.
- Following these transactions, Mr. MacLauchlan directly owns 1,215 shares of CACI common stock, 1,978 restricted stock units, and 1,978 performance restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The performance restricted stock units granted on October 1, 2024, will vest on the third anniversary of the grant date based on the achievement of a three-year performance measure.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Insider trading activity is a common occurrence in publicly listed companies like CACI International.
- Companies such as Booz Allen Hamilton and Leidos also experience similar filings from their executives.
- The vesting schedules and performance-based equity grants are standard compensation practices in the industry, designed to align executive incentives with shareholder value.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership of CACI stock.
- The vesting of restricted stock units and performance restricted stock units incentivizes the CFO to improve company performance, potentially benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| 10/01/2022 | Mr. MacLauchlan was granted 862 restricted stock units, vesting 1/3 per year for three years. |
| 10/01/2023 | Mr. MacLauchlan was granted 3,185 restricted stock units, vesting 1/3 per year for three years. |
| 10/01/2024 | Date of the reported transactions, including vesting of existing restricted stock units and grant of new restricted stock units and performance restricted stock units. |
| 10/03/2024 | Date of the form's signature. |
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