Form 4: GMS Inc. Executive Apolinsky Exercises Options and Sells Shares
SEC Form 4 Filing
Craig D. Apolinsky, SVP and General Counsel of GMS Inc., executed stock options and sold shares under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Craig D. Apolinsky, SVP and General Counsel of GMS Inc., reported transactions involving GMS Inc. stock on July 16, 2024.
- Apolinsky exercised stock options to acquire 7,900 shares of common stock at a price of $23.43 per share.
- He then sold 7,900 shares of common stock at a price of $90.32 per share.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on March 29, 2024.
- Following these transactions, Apolinsky directly owns 10,671 shares of GMS Inc. common stock.
- Apolinsky also owns 15,706 derivative securities in the form of stock options.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports transactions executed under a pre-existing plan.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often scrutinized by investors for insights into management's perspective on the company's future prospects. The use of a 10b5-1 trading plan suggests that these transactions were pre-planned and not based on any specific non-public information.
Key Dates
| Date | Description |
|---|---|
| 08/01/2021 | Date stock options were exercisable |
| 03/29/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 06/30/2024 | Date Reporting Person acquired 311 shares pursuant to the GMS Inc. Employee Stock Purchase Plan |
| 07/16/2024 | Date of stock option exercise and share sale |
| 07/18/2024 | Date of Form 4 signature |
| 08/01/2030 | Expiration date of stock options |
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