Form 4: Cooper Companies' Executive VP Daniel McBride Reports Stock Transactions
SEC Form 4 Filing
Executive VP and Chief Operating Officer of Cooper Companies, Daniel G. McBride, reports the acquisition and disposal of common stock, including transactions related to stock options and employee stock purchase plans.
Summary
- Daniel G. McBride, Executive VP & Chief Operating Officer of Cooper Companies, filed a Form 4 detailing changes in beneficial ownership.
- On September 4, 2024, McBride exercised stock options to acquire 114,992 shares of common stock at a price of $43.83 per share.
- He then sold 87,537 shares at a weighted average price of $105.2135, 26,555 shares at a weighted average price of $106.3279, and 900 shares at a weighted average price of $106.9994.
- Following these transactions, McBride directly owns 44,696 shares and indirectly owns 94,496 shares through The McBride Family Trust.
- The transactions also reflect adjustments for the 4-for-1 stock split that occurred on February 16, 2024.
- McBride also acquired shares through the Issuer's Employee Stock Purchase Plan on February 1, 2024 (42 shares), May 1, 2024 (182 shares) and August 1, 2024 (52 shares).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment. It reflects routine insider activity and doesn't inherently indicate positive or negative prospects for the company.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency to investors regarding insider activity but doesn't necessarily indicate a broader trend in the industry.
Comparison to Industry Standards
- Executive stock transactions are common across publicly traded companies and are governed by SEC regulations.
- Companies like Alcon and Bausch + Lomb also have executives who regularly report similar transactions.
- The size and frequency of these transactions are typical for executives at this level.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| February 1, 2024 | Acquisition of 42 shares pursuant to the Issuer's Employee Stock Purchase Plan |
| February 16, 2024 | Issuer's 4-for-1 stock split |
| May 1, 2024 | Acquisition of 182 shares pursuant to the Issuer's Employee Stock Purchase Plan |
| June 13, 2024 | Date of Power of Attorney execution |
| August 1, 2024 | Acquisition of 52 shares pursuant to the Issuer's Employee Stock Purchase Plan |
| September 4, 2024 | Exercise of stock options and sale of common stock |
| September 6, 2024 | Date of Form 4 signature |
| December 13, 2026 | Expiration date of stock options |
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