Form 4: Dick's Sporting Goods Executive Lodge-Jarrett Julie Reports Stock Option Exercise and Sale
SEC Form 4
EVP, Chief People & Purpose Officer of Dick's Sporting Goods, Julie Lodge-Jarrett, reports exercising stock options and selling shares on March 15, 2024.
Summary
- Julie Lodge-Jarrett, EVP, Chief People & Purpose Officer of Dick's Sporting Goods, filed a Form 4 on March 19, 2024.
- On March 15, 2024, Lodge-Jarrett exercised stock options to acquire 9,140 shares of common stock at a price of $12.82 per share.
- Simultaneously, Lodge-Jarrett sold 9,140 shares of common stock at $211.5 per share.
- Following these transactions, Lodge-Jarrett directly owns 20,856 shares of Dick's Sporting Goods common stock and holds options to purchase 9,140 shares.
- The stock options were granted under the company's Amended and Restated 2012 Stock and Incentive Plan and vest in four equal annual installments beginning on April 3, 2021.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. These transactions are closely watched by investors for insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 04/03/2021 | Start date for vesting of stock options in four equal annual installments. |
| 09/24/2021 | Date of special cash dividend paid by the company, affecting the exercise price of the stock options. |
| 04/03/2027 | Expiration date of the stock options. |
| 03/15/2024 | Date of stock option exercise and sale of shares. |
| 03/19/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.