Form 4: Costco Director W. Craig Jelinek Gifts Shares to Charity and Donor Advised Fund

Costco director W. Craig Jelinek gifted 2,017 shares of common stock to a charitable non-profit organization and a donor advised fund.

Summary

• W. Craig Jelinek, a director at Costco Wholesale Corp, reported a transaction involving the gifting of 2,017 shares of Costco common stock.
• The transaction occurred on December 19, 2024.
• 2,000 shares were gifted to a donor advised fund and 17 shares were gifted to a charitable non-profit organization.
• Following the transaction, Jelinek directly owns 204,365.061 shares of Costco common stock.
• Jelinek also indirectly owns 96,727 shares through a GRAT I, 16,650 shares through a GRAT II, 16,650 shares through a GRAT III, 10,000 shares through a GRAT IV and 10,000 shares through a GRAT V.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction with a positive philanthropic aspect, hence a moderately positive sentiment.

Positives

• The gifting of shares to charity and a donor advised fund is a positive philanthropic action by the director.

Industry Context

This is a routine filing related to a director's personal transactions and does not reflect any specific industry trends or competitive actions.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC to ensure transparency in stock transactions.
• The gifting of shares is a common practice for executives and directors for charitable and tax planning purposes.
• The level of detail provided in this filing is consistent with SEC requirements for Form 4 filings.

Stakeholder Impact

• The transaction has a minor positive impact on the charitable organizations receiving the shares.
• The transaction has no material impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Costco, Director, W. Craig Jelinek, Share Gift, Charity, Donor Advised Fund, Stock Transaction, Form 4, Beneficial Ownership