Form 4: Guidewire Software CFO Jeffrey Elliott Cooper Reports Stock Sales and Transfer
SEC Form 4 Filing
Guidewire Software's CFO, Jeffrey Elliott Cooper, reported the sale of company stock to cover taxes and under a pre-arranged trading plan, as well as a transfer of shares related to a divorce settlement.
Summary
- Jeffrey Elliott Cooper, CFO of Guidewire Software, reported changes in beneficial ownership of the company's stock.
- On June 18, 2024, Cooper sold 3,017 shares of common stock at a price of $134.5375 per share to cover taxes associated with the settlement of Restricted Stock Units.
- On June 20, 2024, Cooper sold 1,765 shares of common stock at a price of $134.2 per share, pursuant to a 10b5-1 trading plan adopted on October 12, 2023.
- On June 21, 2024, Cooper transferred 118 shares of common stock as part of a divorce property settlement.
- Following these transactions, Cooper directly owns 61,596 shares of Guidewire Software common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transactions appear routine (tax coverage, pre-planned sales) and a divorce settlement, rather than indicative of a change in the executive's view of the company's prospects.
Industry Context
Executive stock transactions are routinely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. Sales to cover taxes or those executed under pre-arranged trading plans are generally viewed as less significant than discretionary sales.
Key Dates
| Date | Description |
|---|---|
| 2023-10-12 | Date of adoption of 10b5-1 Trading Plan |
| 2024-06-18 | Sale of 3,017 shares to cover taxes |
| 2024-06-20 | Sale of 1,765 shares under 10b5-1 plan |
| 2024-06-21 | Transfer of 118 shares due to divorce settlement |
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