Form 4: Exponent Inc. Director Paul R. Johnston Executes Stock Option and Sells Shares

Director Paul R. Johnston exercised stock options and sold shares of Exponent Inc. on June 4, 2024, according to a Form 4 filing with the SEC.

Summary

• On June 4, 2024, Paul R. Johnston, a director of Exponent Inc., executed a transaction involving the company's stock.
• Johnston exercised a non-qualified stock option to acquire 7,000 shares of common stock at a price of $29.05 per share.
• Simultaneously, Johnston sold 7,000 shares of common stock at a price of $93.6293 per share.
• Following these transactions, Johnston beneficially owns 79,236 shares of Exponent Inc. common stock directly and 28,000 shares via non-qualified stock options.
• The stock option becomes exercisable in four equal annual installments and expires on February 16, 2027.
• The transactions were executed pursuant to a 10b5-1 trading plan entered into on February 2, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing insider transactions. It doesn't convey any explicit positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend within the scientific and engineering consulting services industry.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates