Form 4: Carlisle Companies CEO D. Christian Koch Executes Stock Option and Sells Shares
SEC Form 4 Filing
D. Christian Koch, Chair, President & CEO of Carlisle Companies, exercised stock options and sold shares of common stock on May 20 and 21, 2024.
Summary
- D. Christian Koch, the Chair, President & CEO of Carlisle Companies, executed stock options to acquire common stock at a price of $150 per share.
- On May 20, 2024, Koch exercised options for 54,927 shares and sold the same amount at a weighted average price of $420.06 per share.
- On May 21, 2024, Koch exercised options for 3,453 shares and sold the same amount at a weighted average price of $420.50 per share.
- Also on May 21, 2024, Koch exercised options for 210 shares and sold the same amount at a weighted average price of $421.09 per share.
- Following these transactions, Koch directly owns 86,652 shares of Carlisle Companies common stock.
- Koch also indirectly owns 135,000 shares through a limited liability company where he has full investment authority.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock option exercise and share sales by the CEO. It doesn't inherently indicate positive or negative performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives, which can be of interest to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 02/02/2022 | Option vested in three equal annual installments beginning on this date. |
| 05/20/2024 | Koch exercised options for 54,927 shares and sold the same amount. |
| 05/21/2024 | Koch exercised options for 3,453 shares and sold the same amount. |
| 05/21/2024 | Koch exercised options for 210 shares and sold the same amount. |
| 02/01/2031 | Expiration date of the Employee Stock Option. |
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