4/A: Fastenal Executive James Jansen Corrects Stock Transaction Reporting
SEC Form 4/A (Amendment)
James Jansen, Executive Vice President of Fastenal, files an amended Form 4 to correct the number of securities acquired or disposed of on December 4, 2023, and to update holdings in the company's 401(k) plan.
Summary
- James Jansen, an Executive Vice President at Fastenal, filed an amended Form 4 with the SEC.
- The amendment corrects a previous filing from December 5, 2023, which incorrectly reported the number of securities acquired or disposed of on December 4, 2023.
- On December 4, 2023, Jansen exercised options to acquire 3,710 shares of common stock at a price of $21.
- Also on December 4, 2023, Jansen sold 3,710 shares of common stock at a price of $61.0053.
- The filing also updates the number of shares held in Jansen's 401(k) plan, which now includes 19,315 shares, reflecting an additional 695 shares acquired since the last report on June 17, 2022.
- Jansen directly owns 26,176 shares of Fastenal common stock.
- Jansen also indirectly owns 160 shares held in a custodian account for children.
Sentiment
Score: 7
Explanation: The sentiment is neutral. It's a routine correction of a previously filed form, indicating standard corporate governance procedures are being followed. The executive is exercising options and selling shares, which is a normal part of executive compensation.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This amended filing ensures accurate reporting of these transactions.
Stakeholder Impact
- The correction of the Form 4 filing ensures accurate information is available to shareholders regarding executive stock transactions.
- This promotes transparency and trust in the company's financial reporting.
Key Dates
| Date | Description |
|---|---|
| 06/17/2022 | Date of reporting person's prior report. |
| 05/22/2019 | Date of 2-for-1 stock split. |
| 04/24/2015 | Date of previous option filing. |
| 12/04/2023 | Date of stock transaction (exercise of options and sale of shares). |
| 12/05/2023 | Date of original Form 4 filing (incorrect). |
| 05/30/2024 | Date of signature on the amended form. |
| 05/31/2024 | Expiration date of employee stock option. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.