Form 4: FTI Consulting CEO Steven Gunby Executes Stock Options and Sells Shares

FTI Consulting's CEO, Steven Gunby, exercised stock options and sold 44,113 shares of common stock on May 1, 2024.

Summary

• On May 1, 2024, Steven Gunby, the President & CEO of FTI Consulting, exercised stock options to acquire 44,113 shares of FTI Consulting common stock at a price of $34.33 per share.
• Simultaneously, Mr. Gunby sold 44,113 shares of FTI Consulting common stock at a weighted average price of $212.97, with individual sales prices ranging from $212.80 to $213.63.
• Following these transactions, Mr. Gunby directly owns 311,297 shares of FTI Consulting common stock.
• Mr. Gunby also holds options to purchase 108,568 shares of FTI Consulting common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating a neutral sentiment.

Industry Context

Executive stock option exercises and sales are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Comparison to Industry Standards

• Executive compensation packages, including stock options, are standard practice among consulting firms like Accenture, Deloitte, and McKinsey.
• The vesting schedules and exercise prices are typically structured to align executive interests with long-term shareholder value, similar to FTI Consulting's plan.
• Monitoring insider transactions, such as those reported on Form 4, is a common practice to ensure compliance with securities regulations and to gauge executive sentiment.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
• The transaction provides insight into the executive's financial activities and holdings in the company.

Key Dates