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 Corporation, exercised stock appreciation rights and disposed of shares on March 5, 2024.
Summary
- On March 5, 2024, Ivonne M. Cabrera, SVP, General Counsel & Secretary of Dover Corporation, executed transactions involving Dover Corp [DOV] common stock.
- Cabrera exercised stock appreciation rights, acquiring 25,873 shares at a price of $69.57.
- She also disposed of 10,715 shares at $167.995 per share and 6,716 shares at $167.995 per share to cover tax obligations.
- Following these transactions, Cabrera directly owns 48,821 shares of Dover Corp common stock and indirectly owns 1,975 shares through a 401K plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects standard insider trading activity related to stock compensation.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/10/2017 | Date stock appreciation right became exercisable |
| 03/10/2024 | Expiration date of stock appreciation right |
| 03/05/2024 | Date of transaction: exercise of stock appreciation rights and disposal of shares |
| 03/07/2024 | Date of signature on the Form 4 filing |
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