Form 4: Frequency Electronics Executive Exercises Stock Appreciation Rights
SEC Form 4 Filing
Oleandro Mancini, Sr. VP of Business Development at Frequency Electronics, exercised stock appreciation rights and disposed of shares to cover tax obligations.
Summary
- On April 23, 2025, Oleandro Mancini, Sr. VP of Business Development at Frequency Electronics, exercised stock appreciation rights (SARs) for 10,000 shares at an exercise price of $13.24.
- As a result of exercising the SARs, Mancini acquired 2,656 shares representing the appreciated value.
- Mancini also disposed of 7,344 shares of common stock at $18.03 to satisfy tax obligations related to the SARs exercise.
- Following these transactions, Mancini directly owns 33,876 shares of Frequency Electronics common stock.
- Additionally, 30,000 Stock Appreciation Rights previously granted to the reporting person have expired without being exercised.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It's common for executives to exercise stock options or SARs and then sell a portion of the acquired shares to cover taxes.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the exercise of existing stock appreciation rights and a small number of shares being sold on the open market.
Key Dates
| Date | Description |
|---|---|
| 04/30/2016 | Date Stock Appreciation Rights were granted. |
| 04/17/2025 | Date Stock Appreciation Rights were exercisable. |
| 04/23/2025 | Date of the reported transactions (SAR exercise and share disposal). |
| 04/30/2025 | Expiration date of the Stock Appreciation Rights. |
| 04/25/2025 | Date of signature on the Form 4. |
Keywords
Stock Appreciation Rights, SAR, Form 4, Beneficial Ownership, Frequency Electronics, FEIM, Insider Trading, Executive Compensation, Oleandro Mancini
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