Form 4: Costco Director W Craig Jelinek Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director W Craig Jelinek reports transactions involving Costco common stock related to grantor retained annuity trusts (GRATs).
Summary
- On July 19, 2024, Director W Craig Jelinek reported changes in beneficial ownership of Costco common stock.
- The transactions involve the distribution and contribution of shares related to grantor retained annuity trusts (GRATs).
- Specifically, 29,500 shares were distributed to Jelinek from GRAT I, 3,350 shares from GRAT II, and 3,350 shares from GRAT III as annuity payments.
- Additionally, Jelinek contributed 10,000 shares to both GRAT IV and GRAT V.
- Following these transactions, Jelinek directly owns 206,079.061 shares and indirectly owns shares through various GRATs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies like Costco.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 07/18/2024 | Distribution of shares from GRAT I, GRAT II, and GRAT III; contribution of shares to GRAT IV and GRAT V. |
| 07/19/2024 | Date of transaction reported on Form 4. |
| 07/22/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.