Form 4: CTS Corp CFO Ashish Agrawal Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Ashish Agrawal, CFO of CTS Corp, executed multiple sales of common stock between April 29 and May 1, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Ashish Agrawal, the CFO of CTS Corp, sold shares of common stock between April 29, 2024, and May 1, 2024.
- The sales were executed under a 10b5-1 trading plan adopted on June 2, 2023.
- On April 29, 2024, 1,604 shares were sold at $47 per share.
- On April 30, 2024, 1,600 shares were sold at a weighted average price of $47.0056, with prices ranging from $47.00 to $47.04.
- On May 1, 2024, 4,495 shares were sold at a weighted average price of $47.0325, with prices ranging from $47.00 to $47.09.
- Following these transactions, Agrawal directly owns 120,278 shares of CTS Corp common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-existing 10b5-1 plan, which is a routine practice.
Positives
- The sales were executed under a pre-arranged 10b5-1 trading plan, which is a legal and transparent way for insiders to sell shares.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 06/02/2023 | Date the reporting person adopted the 10b5-1 plan |
| 04/29/2024 | Date of first reported transaction: Sale of 1,604 shares at $47 |
| 04/30/2024 | Date of second reported transaction: Sale of 1,600 shares at a weighted average price of $47.0056 |
| 05/01/2024 | Date of third reported transaction: Sale of 4,495 shares at a weighted average price of $47.0325 |
| 05/01/2024 | Date of signature on the Form 4 filing |
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