Form 4: Ducommun Inc. Executive Jerry L. Redondo Reports Stock Transactions
SEC Form 4
Jerry L. Redondo, S.V.P. at Ducommun Inc., reports exercising stock options and selling shares, resulting in adjustments to his beneficial ownership.
Summary
- On August 14, 2024, Jerry L. Redondo exercised options to acquire 4,700 shares of Ducommun Inc. common stock at a price of $42.25 per share.
- Also on August 14, 2024, 3,930 shares were disposed of to cover tax obligations at a price of $65.65.
- On August 15, 2024, Redondo sold 770 shares of common stock at a weighted average price of $64.2.
- Following these transactions, Redondo directly owns 63,826 shares of Ducommun Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an executive's trading activity.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 06/17/2020 | 1,566 shares of the option vested. |
| 06/17/2021 | 1,567 shares of the option vested. |
| 06/17/2022 | 1,567 shares of the option vested. |
| 08/14/2024 | Redondo exercised options to acquire 4,700 shares and disposed of 3,930 shares for tax obligations. |
| 08/15/2024 | Redondo sold 770 shares of common stock. |
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