Form 4: Costco Director Jeffrey S. Raikes Donates Shares to Non-Profit Foundation
SEC Form 4 Filing
Director Jeffrey S. Raikes of Costco Wholesale Corp. reports gifting 5,860 shares of common stock to a non-profit foundation on July 16, 2024.
Summary
- On July 16, 2024, Jeffrey S. Raikes, a director of Costco Wholesale Corp., donated 5,860 shares of common stock to a non-profit foundation.
- The transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Raikes directly owns 30,480.936 shares of Costco common stock.
Sentiment
Score: 6
Explanation: The document reflects a neutral event (a stock gift) and doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the company's fundamentals or outlook. It is common for executives and directors to make charitable donations of stock.
Stakeholder Impact
- The donation of shares to a non-profit foundation may have a positive impact on the recipient organization.
Key Dates
| Date | Description |
|---|---|
| 07/16/2024 | Date of the stock gift transaction. |
| 07/17/2024 | Date of signature on the Form 4 filing. |
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