Form 4: Costco Executive Richard Galanti Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive Vice President Richard Galanti reports acquisition and disposal of Costco shares, including vesting of restricted stock units.
Summary
- Richard Galanti, Executive Vice President of Costco, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On September 16, 2024, Galanti acquired 9,482.67 shares of common stock as part of a restricted stock unit grant with a value of $0.
- Also on September 16, 2024, Galanti disposed of 3,566.209 shares of common stock for $907.87.
- Following these transactions, Galanti directly owns 28,816.461 shares of Costco common stock.
- Galanti also indirectly owns 726 shares through his spouse and 7,000 shares through North Island Holdings LLC, where he is the managing member but disclaims beneficial ownership.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| October 22, 2023 | Initial grant date of restricted stock units, subject to performance conditions. |
| September 16, 2024 | Date of stock acquisition and disposal. |
| September 18, 2024 | Date of Form 4 filing. |
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