Form 4: CTS Corp CFO Ashish Agrawal Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Ashish Agrawal, CFO of CTS Corp, sold 4,504 shares of common stock at an average price of $47.10, pursuant to a pre-arranged 10b5-1 trading plan.
Summary
- On March 28, 2024, Ashish Agrawal, the CFO of CTS Corp, sold 4,504 shares of the company's common stock.
- The sale was executed at a weighted average price of $47.10 per share, with individual transactions ranging from $47.00 to $47.26.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan adopted by Agrawal on June 2, 2023.
- Following the sale, Agrawal still beneficially owns 128,777 shares of CTS Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to a stock sale under a pre-arranged plan, indicating a neutral sentiment.
Industry Context
Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan suggests the executive is selling shares in a pre-planned way to avoid insider trading concerns.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 06/02/2023 | Date the reporting person adopted the 10b5-1 plan |
| 03/28/2024 | Date of the transaction (stock sale) |
| 04/01/2024 | Date of the signature on the Form 4 filing |
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