Form 4: Costco Director Jeffrey S. Raikes Donates Shares to Non-Profit
SEC Form 4 Filing
Director Jeffrey S. Raikes of Costco Wholesale Corp. reports gifting 3,969 shares of common stock to a non-profit organization on December 16, 2024.
Summary
- On December 16, 2024, Jeffrey S. Raikes, a director of Costco Wholesale Corp., donated 3,969 shares of common stock to a non-profit organization.
- The transaction was reported on December 18, 2024, via a Form 4 filing with the SEC.
- Following the transaction, Raikes directly owns 26,814.936 shares of Costco common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of a transaction. It doesn't inherently convey positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends. It is a common practice for high-net-worth individuals, including corporate directors, to donate shares to non-profit organizations for philanthropic and potential tax benefits.
Key Dates
| Date | Description |
|---|---|
| 12/16/2024 | Date of the transaction (gift of shares to a non-profit organization). |
| 12/18/2024 | Date of Form 4 filing. |
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