Form 4: Carlisle Companies Inc. Executive David W. Smith Executes Stock Option and Sells Shares

David W. Smith, VP of Sustainability at Carlisle Companies Inc., exercised stock options and sold 275 shares of common stock on November 21, 2024.

Summary

• David W. Smith, a VP at Carlisle Companies Inc., exercised an option to purchase 275 shares of common stock at a price of $150 per share on November 21, 2024.
• Following the exercise of the option, Mr. Smith sold 275 shares of common stock at a price of $443.41 per share on the same day.
• After these transactions, Mr. Smith directly owns 2,834 shares of Carlisle Companies Inc. common stock.
• The stock option was granted previously and vested in three equal annual installments starting February 2, 2022.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction by an executive, with no indication of positive or negative sentiment. It is a neutral event.

Industry Context

This is a routine Form 4 filing, which is common for corporate executives who have stock options as part of their compensation. It reflects standard practice for executives to exercise options and sell shares for personal financial management.

Comparison to Industry Standards

• Executive stock option exercises and sales are a common practice across publicly traded companies.
• The timing and volume of these transactions are often dictated by vesting schedules and personal financial planning.
• The price at which the shares were sold is reflective of the current market price of the stock at the time of the transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine executive stock option exercise and sale.

Key Dates

Keywords

stock options, insider trading, executive compensation, share sale, Carlisle Companies Inc., CSL