Form 4: Frequency Electronics Director Sarachek Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Russell M Sarachek of Frequency Electronics, Inc. sold 2,805 shares of common stock on October 31, 2024, to cover tax obligations.
Summary
- On October 31, 2024, Russell M Sarachek, a director at Frequency Electronics, Inc. (FEIM), disposed of 2,805 shares of common stock.
- The transaction was executed to cover tax obligations.
- The shares were sold at a price of $12.62 per share.
- Following the transaction, Sarachek directly owns 460,037 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 part of executive compensation.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This transaction is a common occurrence where shares are sold to cover tax obligations arising from stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of transaction: Sarachek disposed of 2,805 shares. |
| 11/04/2024 | Date of signature on the Form 4 filing. |
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