Form 4: Daktronics Executive Carla S. Gatzke Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Daktronics executive Carla S. Gatzke reported several transactions involving the company's common stock, including acquisitions through the company's 401k plan.
Summary
- Carla S. Gatzke, a Secretary and VP of Human Resources at Daktronics Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- The report includes several acquisitions of common stock through gifts, and one purchase.
- Gatzke acquired 20,733 shares on December 29, 2014, 8,898 shares on October 20, 2017, 16,037 shares on March 6, 2018, and 7,853 shares on June 29, 2022, all as gifts.
- She also purchased 435 shares on June 24, 2020, at a price of $4.32 per share.
- Additionally, she acquired 31,556 shares through the company's 401k plan between April 28, 2019, and January 5, 2025.
- Following these transactions, Gatzke directly owns 661,304 shares and indirectly owns 181,636 shares through her 401k.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing, not indicative of any significant positive or negative sentiment. It reflects standard insider trading activity.
Positives
- The report shows an increase in the executive's holdings of company stock, which can be seen as a positive sign of confidence in the company's future.
- The acquisitions through the 401k plan indicate long-term commitment to the company.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company executive, which is a common practice in publicly traded companies. It provides transparency into the trading activities of insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and Daktronics' filing is consistent with these requirements.
- The reported transactions are typical for executives who receive stock-based compensation or participate in company-sponsored savings plans.
- The level of detail provided in the filing is consistent with SEC regulations and industry norms.
Stakeholder Impact
- The increase in executive stock ownership may be viewed positively by shareholders, indicating confidence in the company's performance.
Key Dates
| Date | Description |
|---|---|
| 12/29/2014 | Gatzke acquired 20,733 shares of common stock as a gift. |
| 10/20/2017 | Gatzke acquired 8,898 shares of common stock as a gift. |
| 03/06/2018 | Gatzke acquired 16,037 shares of common stock as a gift. |
| 04/28/2019 | Start date for the period during which Gatzke acquired 31,556 shares through the 401k plan. |
| 06/24/2020 | Gatzke purchased 435 shares of common stock at $4.32 per share. |
| 06/29/2022 | Gatzke acquired 7,853 shares of common stock as a gift. |
| 01/05/2025 | End date for the period during which Gatzke acquired 31,556 shares through the 401k plan. |
| 01/17/2025 | Date of the report filing. |
Keywords
Daktronics, insider trading, Form 4, beneficial ownership, stock acquisition, 401k, executive holdings, DAKT
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