Form 4: Costco Executive VP Patrick J. Callans Sells 2,500 Shares
SEC Form 4 Filing
Executive VP Patrick J. Callans of Costco Wholesale Corp sold 2,500 shares of common stock on March 11, 2024, at a price of $714.86 per share.
Summary
- On March 11, 2024, Patrick J. Callans, an Executive VP at Costco Wholesale Corp, sold 2,500 shares of Costco's common stock.
- The sale price was $714.86 per share.
- Following the transaction, Callans directly owns 62,894.878 shares of Costco common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock sale by an executive. No specific positive or negative implications can be derived without further context.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, which is common among corporate executives. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of transaction: Patrick J. Callans sold 2,500 shares of Costco common stock. |
| 03/13/2024 | Date of signature on the Form 4 filing. |
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