Form 4: Cooper Companies EVP, CFO & Treasurer Brian G. Andrews Reports Transactions in Company Stock
SEC Form 4 Filing
Brian G. Andrews, EVP, CFO & Treasurer of Cooper Companies, reports the exercise of stock options and sale of shares, along with a correction to a previous filing and a transfer of shares to a family trust.
Summary
- Brian G. Andrews, EVP, CFO & Treasurer of Cooper Companies, reported transactions involving the company's common stock on September 5, 2024.
- Andrews exercised stock options to acquire 13,424 shares at $32.9 and 11,364 shares at $43.83.
- He then sold 24,788 shares at a weighted average price of $105.9009.
- The transactions resulted in Andrews directly owning 6,614 shares and indirectly owning 9,296 shares through the Andrews Family Trust.
- The report also includes a correction to a previous filing from February 15, 2024, which understated the amount of securities beneficially owned by 72 shares.
- Andrews transferred 9,296 directly held shares to the Andrews Family Trust on August 14, 2024.
- The filing includes a Power of Attorney, effective June 13, 2024, authorizing Nicholas S. Khadder, Aloma Avery, Asad Sattar, and Michelle Cloutier to execute Forms 3, 4, and 5 on Andrews' behalf.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an executive's trading activity.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies to ensure transparency and prevent insider trading.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies like Cooper Companies.
- Similar filings are regularly made by executives at comparable companies such as Alcon, Bausch + Lomb, and Johnson & Johnson, reflecting their individual investment strategies and compensation structures.
- The reporting requirements and formats are standardized by the SEC, ensuring consistency across different companies and industries.
Stakeholder Impact
- The stock transactions by a company executive may be of interest to shareholders as it provides insight into the executive's perspective on the company's value.
- The transfer of shares to a family trust could have implications for estate planning and wealth management for the executive.
Key Dates
| Date | Description |
|---|---|
| February 1, 2024 | Acquisition of 93 shares pursuant to the Issuer's Employee Stock Purchase Plan. |
| February 15, 2024 | Date of previous Form 4/A filing that understated securities beneficially owned. |
| February 16, 2024 | Issuer's 4-for-1 stock split. |
| May 1, 2024 | Acquisition of 181 shares pursuant to the Issuer's Employee Stock Purchase Plan. |
| June 13, 2024 | Date of Power of Attorney execution. |
| August 14, 2024 | Transfer of 9,296 directly held shares to Andrews Family Trust. |
| September 5, 2024 | Date of stock option exercises and stock sale. |
| September 6, 2024 | Date of signature on the report. |
| December 9, 2025 | Expiration date of one of the stock options. |
| December 13, 2026 | Expiration date of one of the stock options. |
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