Form 4: Dine Brands Global Director Michael Hyter Reports Stock Sale
SEC Form 4 Filing
Director Michael Hyter reported selling 1,155 shares of Dine Brands Global, Inc. on May 15, 2024.
Summary
- Michael Hyter, a director of Dine Brands Global, Inc., reported a transaction involving the company's common stock.
- On May 15, 2024, Hyter sold 1,155 shares of common stock at a price of $45.47 per share.
- Following the transaction, Hyter directly owns 3,380.601 shares of Dine Brands Global, Inc.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by a director, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) trade in their company's stock. These filings provide transparency to the market regarding insider activity.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Michael Hyter sold shares of Dine Brands Global, Inc. |
| 05/17/2024 | Date of signature for the report. |
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