Form 4: Green Plains CFO Acquires 22,105 Shares of Common Stock
SEC Form 4 Filing
Green Plains' Chief Financial Officer, Philip B. Boggs, acquired 22,105 shares of common stock on November 11, 2024, at a price of $11.31 per share.
Summary
- Philip B. Boggs, the Chief Financial Officer of Green Plains Inc., acquired 22,105 shares of common stock on November 11, 2024.
- The shares were acquired at a price of $11.31 per share.
- Following the transaction, Mr. Boggs directly owns 52,990 shares of Green Plains common stock.
- The acquisition was part of a grant with vesting starting on November 11, 2025, with one-third of the shares vesting on that date and an additional one-third vesting on each of the next two anniversaries.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as the acquisition of shares by the CFO indicates confidence in the company's future, but it is a routine transaction.
Positives
- The acquisition of shares by the CFO could be seen as a positive sign of confidence in the company's future.
Future Outlook
The acquired shares will vest over three years, starting November 11, 2025, which could incentivize the CFO to focus on long-term value creation.
Industry Context
This is a routine filing related to insider transactions and is common for publicly traded companies. It does not indicate any specific trend in the industry.
Comparison to Industry Standards
- Insider transactions are a common occurrence in publicly traded companies, and this transaction is consistent with standard practices.
- The vesting schedule is also typical for stock grants to executives, aligning their interests with the long-term performance of the company.
- Comparable companies in the agricultural processing sector also regularly report similar insider transactions.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders as it signals confidence from a key executive.
Key Dates
| Date | Description |
|---|---|
| 11/11/2024 | Date of the stock acquisition by Philip B. Boggs. |
| 11/11/2025 | First vesting date for one-third of the acquired shares. |
| 11/13/2024 | Date the SEC Form 4 was signed. |
Keywords
Green Plains, GPRE, Philip B. Boggs, CFO, stock acquisition, insider trading, share vesting, common stock
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