Form 4: Espey Mfg & Electronics Corp: Corporate Secretary Peggy A. Murphy Reports Stock Option Exercise and Subsequent Sale of Shares
SEC Form 4 Filing
Peggy A. Murphy, Corporate Secretary of Espey Mfg & Electronics Corp, exercised stock options and sold shares on October 9, 2024.
Summary
- On October 9, 2024, Peggy A. Murphy, Corporate Secretary of Espey Mfg & Electronics Corp, exercised stock options for 1,018 shares at a price of $27.21.
- Following the exercise, Murphy sold a total of 1,018 shares in multiple transactions at prices ranging from $29 to $29.78.
- After these transactions, Murphy directly owns 0 shares of common stock.
- Murphy also holds 0 derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports routine transactions by a company insider.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 12/07/2020 | Date stock options became exercisable |
| 12/07/2028 | Expiration date of stock options |
| 10/09/2024 | Date of transaction: stock option exercise and sale of shares |
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