Form 4: Dover VP & Treasurer Exercises SARs, Sells Shares
Insider Transaction Report
Dover Corporation's VP & Treasurer, James M. Moran, reported the exercise of stock appreciation rights and subsequent sale of common stock.
Summary
- James M. Moran, VP & Treasurer of Dover Corp, exercised 3,728 stock appreciation rights (SARs) at an exercise price of $48.28 per share on January 7, 2026.
- Following the exercise, Moran acquired 3,728 shares of common stock.
- Moran subsequently disposed of 893 shares of common stock at a price of $201.68 per share.
- An additional 875 shares were disposed of at $201.68 per share, likely to cover tax liabilities associated with the transaction.
- After these transactions, Moran directly holds 9,939 shares of common stock and indirectly holds 900 shares through a 401(k) Plan.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction involving the exercise of stock appreciation rights and subsequent sale of shares, which is a neutral event for the company's operational performance or strategic direction.
Positives
- The exercise of stock appreciation rights indicates a realization of value from a compensation award.
- The exercise price of $48.28 is significantly lower than the sale price of $201.68, indicating a substantial gain for the reporting person.
Negatives
- The sale of 893 shares, in addition to shares withheld for taxes, represents a reduction in direct beneficial ownership.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This filing details a routine insider transaction involving the exercise of stock appreciation rights and subsequent share sales by a corporate officer. Such transactions are common within the industry as part of executive compensation plans and typically do not reflect broader industry trends or competitive dynamics.
Comparison to Industry Standards
- NA
Related Party Transactions
- James M. Moran, VP & Treasurer of Dover Corp, engaged in transactions involving the exercise of stock appreciation rights and the sale of common stock, which are considered related party transactions as he is an officer of the issuer.
Stakeholder Impact
- The impact on shareholders is minimal, as this is a routine insider transaction related to executive compensation and personal financial planning.
- Employees, customers, suppliers, and creditors are unlikely to be directly impacted by this specific insider transaction.
Key Dates
| Date | Description |
|---|---|
| 02/11/2019 | Date Stock Appreciation Right became exercisable |
| 01/07/2026 | Date of reported transactions (exercise of SARs and sale of common stock) |
| 01/09/2026 | Signature date of the reporting person's attorney-in-fact |
| 02/11/2026 | Expiration date of the Stock Appreciation Right |
Keywords
Dover Corp, DOV, Insider Trading, Form 4, Stock Appreciation Rights, SARs, Executive Compensation, Share Sale, James M. Moran
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