Form 4: Guidewire Software CFO Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Guidewire Software's Chief Financial Officer, Jeffrey Elliott Cooper, sold a total of 3,897 shares of common stock in two transactions, one to cover taxes and the other under a pre-arranged 10b5-1 trading plan.
Summary
- Jeffrey Elliott Cooper, the Chief Financial Officer of Guidewire Software, Inc., sold 2,828 shares of common stock on December 17, 2024, at a price of $171.0593 per share.
- These shares were sold to cover taxes associated with the settlement of Restricted Stock Units.
- On December 19, 2024, Mr. Cooper sold an additional 1,069 shares at a price of $174.43 per share.
- This second sale was executed automatically under a 10b5-1 trading plan adopted on October 12, 2023.
- Following these transactions, Mr. Cooper beneficially owns 73,842 shares of Guidewire common stock.
Sentiment
Score: 5
Explanation: The document reflects routine insider trading activity, which is neither positive nor negative for the company's overall prospects.
Industry Context
This is a routine filing related to insider trading activity. It is common for executives to sell shares to cover taxes or as part of pre-arranged trading plans.
Comparison to Industry Standards
- Many executives at publicly traded companies use 10b5-1 trading plans to avoid accusations of insider trading.
- The sale of shares to cover taxes on vesting restricted stock units is a common practice.
- The volume of shares sold is not unusual for a CFO of a company of this size.
Stakeholder Impact
- The stock sales by the CFO may have a minor impact on the stock price, but are unlikely to have a significant effect on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 10/12/2023 | Date the 10b5-1 trading plan was adopted by the Reporting Person. |
| 12/17/2024 | Date of the first stock sale transaction. |
| 12/19/2024 | Date of the second stock sale transaction and date of filing. |
Keywords
Guidewire Software, GWRE, insider trading, Form 4, Jeffrey Elliott Cooper, 10b5-1 plan, stock sale, CFO, executive compensation, restricted stock units
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.