Form 4: Costco Executive Vice President Richard Galanti Reports Sale of Common Stock
SEC Form 4 Filing
Executive Vice President Richard Galanti reports the sale of Costco common stock on October 24, 2024.
Summary
- Richard A Galanti, Executive Vice President of Costco Wholesale Corp, reported a transaction involving the company's common stock on October 24, 2024.
- Galanti sold 1,416.461 shares of common stock at a weighted average price of $894.6802 per share, with prices ranging from $894.240 to $894.710.
- Following the transaction, Galanti directly owns 27,400 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: Neutral sentiment as it's a standard disclosure of stock sale.
Industry Context
This is a routine disclosure of an insider transaction, which is common for executives of publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The sale of shares by an executive could have a minor psychological impact on shareholders, but is unlikely to have a significant material impact.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of stock sale transaction |
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