Form 4: Espey Mfg & Electronics Corp Director Paul J. Corr Reports Stock Option Grant and Disposal of Shares
SEC Form 4
Director Paul J. Corr reports a stock option grant and disposal of shares in Espey Mfg & Electronics Corp.
Summary
- On September 6, 2024, Paul J. Corr, a director of Espey Mfg & Electronics Corp, reported transactions involving the company's stock.
- Corr was granted a stock option for 1,500 shares of common stock with an exercise price of $22.30, exercisable from September 6, 2026, to September 6, 2034.
- Corr also disposed of 1,500 shares of common stock at a price of $22.30.
- Following these transactions, Corr beneficially owns 21,742 shares of Espey Mfg & Electronics Corp.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard insider trading activity. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- Shareholders are informed about the director's transactions, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of earliest transaction, stock option grant, and disposal of shares. |
| 09/06/2026 | Date stock options become exercisable. |
| 09/06/2034 | Expiration date of stock options. |
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