Form 4: Cooper Companies Director Petersmeyer Sells 1,000 Shares

Gary S. Petersmeyer, a director at Cooper Companies, sold 1,000 shares of common stock at a price of $103.506 on March 5, 2024.

Summary

• On March 5, 2024, Gary S. Petersmeyer, a director of Cooper Companies, sold 1,000 shares of common stock at $103.506 per share.
• Following the transaction, Petersmeyer directly owns 2,520 shares of common stock.
• Petersmeyer also indirectly owns 5,668 shares through the Gary and Catherine Petersmeyer Trust DTD and 868 shares through the Gary S. Petersmeyer Profit Sharing Plan.
• The filing also corrects an administrative error in prior Form 4s, clarifying that 2,520 shares are directly held, not indirectly held in trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, buy or sell their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value.

Stakeholder Impact

• The stock sale by a director may be perceived by some shareholders as a slightly negative signal, although it could be for personal financial reasons and not necessarily indicative of the director's view of the company's prospects.

Key Dates