Form 4: Guess? Inc. CEO Carlos Alberini Sells Shares in Multiple Transactions

CEO and Director of Guess? Inc., Carlos Alberini, reports selling shares of common stock in multiple transactions on April 5th and April 8th, 2024.

Summary

• Carlos Alberini, CEO and Director of Guess? Inc., filed a Form 4 detailing changes in beneficial ownership.
• On April 5, 2024, Alberini sold 211,797 shares of common stock at a weighted average price of $30.32, with prices ranging from $30.02 to $30.85.
• Following this transaction, Alberini directly owns 62,063 shares and indirectly owns 1,269,778 shares through a Family Trust and 208,410 shares through Alberini Family LLC.
• On April 8, 2024, Alberini sold 138,203 shares of common stock at a weighted average price of $30.53, with prices ranging from $30.37 to $30.98.
• After the second transaction, Alberini indirectly owns 1,131,575 shares through a Family Trust.
• The filing also clarifies changes in the form of ownership that are exempt under the Securities Exchange Act of 1934, with no change in pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by a company insider. It doesn't inherently convey positive or negative sentiment, but the market's reaction to insider selling can vary.

Industry Context

Insider selling can sometimes be interpreted negatively by the market, but without further context (e.g., reason for sale, overall trading volume), it's difficult to assess the impact.

Stakeholder Impact

• Shareholders may react to the news of the CEO selling shares, potentially impacting the stock price.
• The impact on other stakeholders (employees, customers, etc.) is likely minimal unless the stock sale signals a larger strategic shift.

Key Dates