Form 4: Frequency Electronics Director, Lance W. Lord, Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Lance W. Lord of Frequency Electronics, Inc. sold 2,283 shares of common stock on October 31, 2024, to cover tax obligations.
Summary
- On October 31, 2024, Lance W. Lord, a director of Frequency Electronics, Inc. (FEIM), disposed of 2,283 shares of common stock.
- The shares were sold at a price of $12.62 per share.
- The transaction was executed to cover tax obligations.
- Following the transaction, Mr. Lord directly owns 24,525 shares of Frequency Electronics, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a transaction to cover tax obligations, which is a normal occurrence.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is not necessarily indicative of the company's overall performance or future prospects.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a small sale of shares by a director to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of transaction: Director Lance W. Lord disposed of shares. |
| 11/04/2024 | Date of signature on the Form 4 filing. |
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