Form 4: Franklin Covey Director Robert Whitman Reports Gift of Shares

Director Robert Whitman reports gifting shares of Franklin Covey Co, resulting in a decrease in his beneficial ownership.

Summary

• On May 2, 2024, Robert A Whitman, a director of Franklin Covey Co, reported gifting common shares.
• The transactions involved the gifting of 748, 998, and 25,000 common shares.
• Following these transactions, Whitman's beneficial ownership decreased to 675,711 common shares.
• The shares were gifted directly, as indicated by the 'D' ownership form.
• Stephen D. Young, Attorney-in-Fact, signed the report on May 6, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The gifting of shares by a director could be perceived in various ways by stakeholders, but the impact is likely minimal given the relatively small number of shares involved compared to the total outstanding.

Key Dates