Form 4: Dover Corp Executive Exercises Stock Appreciation Rights and Disposes of Shares
SEC Form 4 Filing
Ivonne M. Cabrera, SVP, General Counsel & Secretary of Dover Corp, exercised stock appreciation rights and disposed of shares on November 6, 2024.
Summary
- On November 6, 2024, Ivonne M. Cabrera, SVP, General Counsel & Secretary of Dover Corporation, executed transactions involving Dover Corp's common stock.
- Cabrera exercised stock appreciation rights, acquiring 31,074 shares at a price of $61.79.
- Following the exercise, Cabrera disposed of 9,494 shares at $202.26 per share and another 9,561 shares at $202.26 per share.
- After these transactions, Cabrera directly owns 59,079 shares of Dover Corp common stock.
- Cabrera also indirectly owns 2,033 shares through a 401K plan.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of the US market and are required by the SEC to ensure transparency of trading activity by corporate insiders. This filing indicates transactions by a senior executive at Dover Corp and provides insight into their holdings.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
- The filing provides transparency to stakeholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 02/15/2018 | Date stock appreciation right was exercisable |
| 02/12/2025 | Expiration date of stock appreciation right |
| 11/06/2024 | Date of transaction: Exercise of stock appreciation rights and disposal of shares |
| 11/08/2024 | Date of signature on the Form 4 filing |
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