Form 4: First Trust Senior Floating Rate Income Fund II Director Sells Shares

James A. Bowen, a director and officer of First Trust Senior Floating Rate Income Fund II, sold 3,955 common shares at $10.4055 per share on December 16, 2024.

Summary

• James A. Bowen, a director and officer of First Trust Senior Floating Rate Income Fund II, sold 3,955 common shares of the company.
• The transaction occurred on December 16, 2024.
• The shares were sold at a price of $10.4055 per share.
• The sale was reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a share sale by a company insider. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure of an insider transaction, which is common for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for company insiders in the US, as mandated by the Securities and Exchange Commission.
• The transaction is similar to other insider sales reported by directors and officers of publicly traded companies.
• The sale of 3,955 shares is not unusual for an individual director and officer.

Stakeholder Impact

• The share sale may have a minor impact on the stock price, but it is unlikely to be significant given the relatively small number of shares sold.

Key Dates

Keywords

Form 4, insider trading, share sale, First Trust Senior Floating Rate Income Fund II, FCT, James A. Bowen, director, officer