Form 4: Cass Information Systems Director Randall L. Schilling Acquires Additional Shares
SEC Form 4 Filing
Director Randall L. Schilling of Cass Information Systems Inc. reports acquiring 301 shares of common stock at $43.09 per share on September 19, 2024.
Summary
- On September 19, 2024, Randall L. Schilling, a director of Cass Information Systems Inc., acquired 301 shares of common stock.
- The purchase price was $43.09 per share.
- Following the transaction, Schilling directly owns 27,847 shares of Cass Information Systems Inc. common stock, including restricted stock bonus shares subject to vesting and forfeiture.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction by a company director, indicating confidence but not necessarily a major shift in the company's outlook.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track confidence levels and potential alignment of interests between management and shareholders.
Stakeholder Impact
- The purchase of shares by a director can be viewed positively by shareholders as it signals confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 09/19/2024 | Date of transaction: Randall L. Schilling acquired 301 shares of common stock. |
| 09/23/2024 | Date of signature on the Form 4 filing. |
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