Form 4: First Financial Corp Director Michael A. Carty Increases Share Holdings Through Multiple Transactions
SEC Form 4 Filing
Director Michael A. Carty of First Financial Corp has increased his direct holdings of company stock through a series of purchases between November 2021 and May 2023.
Summary
- Michael A. Carty, a director at First Financial Corp, has filed a Form 4 detailing his transactions in the company's stock.
- The filing shows a series of purchases of First Financial Corp stock by Mr. Carty between November 22, 2021, and May 1, 2023.
- These transactions have increased his direct holdings from 415 shares to 2,783 shares.
- The purchases were made at varying prices, ranging from $34.1974 to $48.4153 per share.
Sentiment
Score: 7
Explanation: The document indicates a positive sentiment as a director is increasing their stake in the company, which is generally seen as a good sign. However, it is not a major event and is a standard filing.
Positives
- The director's increased investment in the company may signal confidence in the company's future performance.
- The consistent purchases over time suggest a long-term positive outlook from the director.
Risks
- There are no specific risks mentioned in this document, as it only details the director's stock transactions.
Industry Context
This filing is a standard SEC Form 4, which is required when company insiders, such as directors, make transactions in their company's stock. It is a common practice and provides transparency to the market.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the United States.
- The transactions are typical for directors who may be accumulating shares for long-term investment or as part of their compensation.
- The frequency and size of the purchases are not unusual for a director of a company of this size.
Stakeholder Impact
- The increased shareholding by a director may positively influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| 11/22/2021 | First purchase of 142 shares at $44.4408 per share. |
| 05/18/2022 | Purchase of 145 shares at $43.2588 per share. |
| 08/17/2022 | Purchase of 130 shares at $47.8315 per share. |
| 11/17/2022 | Purchase of 128 shares at $48.4153 per share. |
| 02/17/2023 | Purchase of 140 shares at $44.2803 per share. |
| 05/01/2023 | Purchase of 1,500 shares across four transactions at prices ranging from $34.1974 to $34.406 per share. |
| 01/16/2025 | Date of signature of the document. |
Keywords
First Financial Corp, insider trading, Form 4, stock purchase, director, Michael A. Carty, share holdings
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