Form 4: Citigroup Director Gary Reiner Acquires Additional Shares
SEC Form 4 Filing
Citigroup Director Gary Reiner reports acquisition of 727 shares of common stock on July 1, 2024.
Summary
- On July 1, 2024, Gary M. Reiner, a director of Citigroup Inc., acquired 727 shares of Citigroup's common stock.
- The shares were acquired at a price of $61.84 per share.
- The acquisition increased Reiner's direct holdings to 42,217.5512 shares.
- The shares were awarded under Citigroup's Compensation Plan for Non-Employee Directors.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation. The acquisition itself is a positive signal, but it's not a major event.
Positives
- The director's acquisition of shares may signal confidence in the company's future performance.
Industry Context
Directors' share acquisitions are often viewed positively by the market as they align the interests of management with those of shareholders. This transaction is a routine disclosure under Section 16 of the Securities Exchange Act.
Stakeholder Impact
- The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Gary Reiner acquired 727 shares of Citigroup common stock. |
| 07/02/2024 | Date of signature on the Form 4 filing. |
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