Form 4: Gartner Executive Joseph P. Beck Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President of Global Technology Sales at Gartner, Joseph P. Beck, reports multiple transactions involving common stock and stock appreciation rights.
Summary
- Joseph P. Beck, EVP of Global Technology Sales at Gartner, reported several transactions.
- On November 8, 2024, Beck exercised 5,755 stock appreciation rights (SARs) at a price of $143.01 per share.
- Also on November 8, 2024, 1,504 shares were withheld to cover the exercise price of the SARs at a price of $547.4 per share.
- Additionally, 1,806 shares were withheld for tax purposes at a price of $547.4 per share on the same day.
- On November 11, 2024, Beck sold 2,445 shares at a price of $553.34 per share.
- Following these transactions, Beck directly owns 9,955 shares of Gartner common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing of insider transactions, which is neither positive nor negative in itself. It reflects normal executive compensation activity.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for executives of publicly traded companies. These transactions are part of the executive's compensation and are subject to regulatory oversight.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and Gartner's filing is consistent with these requirements.
- The transactions reported are typical for executives who receive stock-based compensation, such as stock options or SARs.
- The prices at which the shares were sold and withheld are within the range of the market price of Gartner stock at the time of the transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they represent a small portion of the total outstanding shares.
- The transactions are part of the executive's compensation package and do not indicate any significant change in the company's performance or outlook.
Key Dates
| Date | Description |
|---|---|
| 02/06/2020 | Date when the Stock Appreciation Rights (SARs) began to vest. |
| 11/08/2024 | Date of SARs exercise, share withholding for exercise price and taxes. |
| 11/11/2024 | Date of sale of 2,445 shares. |
| 11/12/2024 | Date of signature of the Form 4 filing. |
| 02/06/2026 | Expiration date of the Stock Appreciation Rights (SARs). |
Keywords
Gartner, Stock Appreciation Rights, SARs, Stock Transactions, Insider Trading, Executive Compensation, Form 4, Joseph P. Beck
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