Form 4: Espey Mfg & Electronics Corp: Director Michael Wool Exercises and Sells Stock Options
SEC Form 4 Filing
Director Michael Wool exercised stock options and sold the resulting shares of Espey Mfg & Electronics Corp on May 16, 2025.
Summary
- On May 16, 2025, Michael Wool, a director of Espey Mfg & Electronics Corp, exercised stock options to acquire 1,600 shares of common stock at a price of $26.09 per share.
- Simultaneously, Wool sold 1,600 shares of common stock at a price of $35.49 per share.
- Following these transactions, Wool directly owns 14,900 shares of Espey Mfg & Electronics Corp common stock, in addition to 18,142 stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions by a company director.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend within the electronics manufacturing industry.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 06/12/2017 | Date stock options exercisable |
| 06/12/2025 | Expiration date of stock options |
| 05/16/2025 | Date of transaction: Stock option exercise and sale of shares |
| 05/19/2025 | Date of signature |
Keywords
Form 4, Beneficial Ownership, Stock Options, Director, ESPEY, Michael Wool, Transaction
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