Form 4: Exponent Inc. Executive Joseph Rakow Reports Acquisition and Disposal of Restricted Stock Units
SEC Form 4 Filing
Group Vice President Joseph Rakow reports acquiring and disposing of restricted stock units in Exponent Inc.
Summary
- On March 15, 2024, Joseph Rakow, a Group Vice President at Exponent Inc., reported a transaction involving restricted stock units.
- Rakow acquired 11,622 restricted stock units, which convert to common stock on a 1-for-1 basis.
- Simultaneously, Rakow disposed of 11,622 restricted stock units.
- The expiration date for the acquired restricted stock units is March 15, 2028.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: acquisition and disposal of restricted stock units. |
| 03/15/2028 | Expiration date of the acquired restricted stock units. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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