Form 4: Cal-Maine Foods VP Sells Shares on August 20, 2024
SEC Form 4 Filing
Robert L. Holladay Jr., VP and General Counsel of Cal-Maine Foods, sold 1,500 shares of common stock at $70.9312 per share on August 20, 2024.
Summary
- Robert L. Holladay Jr., a VP and General Counsel at Cal-Maine Foods Inc., reported a transaction involving the company's common stock.
- On August 20, 2024, Holladay sold 1,500 shares at a price of $70.9312 per share.
- Following the transaction, Holladay directly owns 16,754 shares of common stock.
- He also indirectly owns 5,606 shares through a KSOP (likely a 401(k) or similar retirement plan).
- The direct holdings include 6,463 shares of time-vesting restricted stock that will vest on the third anniversary of each grant date.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports a sale of shares.
Industry Context
Insider transactions are routinely monitored by investors to gauge executive sentiment regarding the company's prospects. A sale doesn't necessarily indicate a negative outlook, as executives may sell shares for various personal financial reasons.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of stock sale transaction |
| 08/21/2024 | Date of signature on the Form 4 |
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