Form 4: CTS Corp. Executive Baumeister Sells Shares
SEC Form 4 Filing
Martin Baumeister, a Senior Vice President at CTS Corp, sold 5,733 shares of common stock at a price of $52.39 on May 24, 2024.
Summary
- On May 24, 2024, Martin Baumeister, a Senior Vice President at CTS Corp, sold 5,733 shares of the company's common stock.
- The sale price was $52.39 per share.
- Following the transaction, Baumeister directly owns 19,811 shares of CTS Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors as they can provide insights into management's perspective on the company's stock.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of the stock sale transaction. |
| 05/28/2024 | Date of signature for the Form 4 filing. |
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