Form 4: Daktronics VP of Manufacturing, Matthew Kurtenbach, Reports Stock Transactions
SEC Form 4 Filing
Matthew Kurtenbach, VP of Manufacturing at Daktronics, reports multiple transactions involving company stock, including option exercises and sales.
Summary
- Matthew Kurtenbach, VP of Manufacturing at Daktronics, filed a Form 4 detailing changes in his beneficial ownership of company stock.
- The transactions include the acquisition of shares through the exercise of incentive stock options and the sale of shares on the open market.
- On July 12, 2024, Mr. Kurtenbach exercised options for 2,500 shares at $8.51 per share and sold 2,500 shares at $14.02 per share.
- On July 17, 2024, he exercised options for 1,500 shares at $9.63 per share and sold 1,500 shares at $14.38 per share.
- These transactions resulted in no net change in the total number of shares directly owned by Mr. Kurtenbach, which remains at 248,517.7 shares.
- Mr. Kurtenbach also holds shares indirectly through a trust and custodial accounts for his children.
- The report also discloses previous transactions, including donations of shares to a trust in 2017.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment.
Management Comments
- The Reporting Person disclaims beneficial ownership of any securities reported in this filing, except to the extent of his pecuniary interest therein.
- This Report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice for publicly traded companies.
Comparison to Industry Standards
- Form 4 filings are standard practice for reporting insider transactions in publicly traded companies, such as Daktronics.
- The transactions reported are typical for executives who receive stock options as part of their compensation.
- Similar filings can be seen from executives at comparable companies such as LSI Industries and Stratasys.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are not expected to significantly affect shareholders.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/29/2014 | Earliest transaction date reported in the document. |
| 04/29/2017 | Donation of 7,700 shares to a trust and 1,000 shares to UTMA accounts. |
| 10/20/2017 | Acquisition of 8,898 shares of common stock. |
| 03/06/2018 | Acquisition of 16,037 shares of common stock. |
| 06/29/2022 | Acquisition of 7,853 shares of common stock. |
| 07/12/2024 | Exercise of options for 2,500 shares at $8.51 and sale of 2,500 shares at $14.02. |
| 07/17/2024 | Exercise of options for 1,500 shares at $9.63 and sale of 1,500 shares at $14.38. |
| 01/21/2025 | Date of signature on the report. |
Keywords
Daktronics, stock transactions, insider trading, Form 4, incentive stock options, beneficial ownership, Matthew Kurtenbach
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