Form 4: Citigroup Director Peter B. Henry Sells 13,000 Shares

Citigroup director Peter B. Henry sold 13,000 shares of common stock at an average price of $69.975 on November 11, 2024.

Summary

• Peter B. Henry, a director at Citigroup, sold 13,000 shares of Citigroup common stock on November 11, 2024.
• The sale was executed at an average price of $69.975 per share.
• The price range for the transactions was between $69.97 and $69.98 per share.
• Following the transaction, Mr. Henry directly owns 3,022.5512 shares and indirectly owns 27,737.9785 shares of Citigroup common stock.
• The indirectly held shares are deferred shares held by Citigroup under its Compensation Plan for Non-Employee Directors.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale, with no inherent positive or negative sentiment. It's a routine filing.

Industry Context

This is a routine disclosure of a stock sale by a company director, which is common in the financial industry. Such transactions are closely monitored by regulators and investors for potential insider trading issues.

Comparison to Industry Standards

• Director stock sales are a common occurrence in publicly traded companies, particularly in the financial sector.
• These transactions are typically disclosed via SEC Form 4 filings, which are standard practice.
• The volume of shares sold by Mr. Henry is not unusual for a director of a large financial institution like Citigroup.
• Comparable transactions can be seen in filings from directors of other major banks such as JPMorgan Chase, Bank of America, and Goldman Sachs.

Stakeholder Impact

• The stock sale by a director may have a minor impact on investor sentiment, but is unlikely to significantly affect the share price.

Key Dates

Keywords

Citigroup, Director, Peter B. Henry, Stock Sale, Common Stock, SEC Form 4, Insider Trading, Share Transaction