Form 4: Gartner Inc. Executive Kenneth Allard Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President of Digital Markets at Gartner Inc., Kenneth Allard, reports multiple transactions involving common stock and stock appreciation rights.
Summary
- Kenneth Allard, an EVP at Gartner Inc., reported several transactions involving the company's common stock.
- On November 8, 2024, Allard exercised 5,000 stock appreciation rights (SARs) at a price of $154.31 per share.
- Following the exercise of SARs, 1,410 shares were withheld to cover the exercise price, and 1,985 shares were withheld for taxes.
- On November 11, 2024, Allard sold 1,605 shares of common stock at a price of $548.88 per share.
- After these transactions, Allard directly owns 9,442 shares of Gartner Inc. common stock and 2,224 stock appreciation rights.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies like Gartner Inc. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly listed companies, including Gartner's competitors such as International Data Corporation (IDC) and Forrester Research.
- These transactions are typically disclosed through SEC filings like Form 4, ensuring transparency and compliance with regulations.
- The exercise of stock options and subsequent sale of shares are standard practices for executive compensation in the technology and research industry.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are generally considered routine insider activity.
- Shareholders are informed of executive stock transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 02/05/2021 | Date when the stock appreciation rights (SARs) began to vest. |
| 11/08/2024 | Date of SARs exercise and related stock transactions. |
| 11/11/2024 | Date of common stock sale. |
| 11/13/2024 | Date the form was signed. |
Keywords
Gartner Inc, stock appreciation rights, SARs, insider trading, executive compensation, common stock, Kenneth Allard, stock transactions
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