Form 4: HEICO Corp Director Alan Schriesheim Reports Stock Transactions
SEC Form 4 Filing
Director Alan Schriesheim reports exercising options and selling shares of HEICO Corp common stock.
Summary
- On March 22, 2024, Alan Schriesheim, a director of HEICO Corp, executed several transactions involving the company's stock.
- Schriesheim exercised options to acquire 35,000 shares of common stock at a price of $0.5713 per share.
- Following the exercise, Schriesheim sold 26,000 shares at $192.184 per share.
- Additionally, 104 shares were disposed of, with a price of $193.38.
- After these transactions, Schriesheim directly owns 155,862 shares of common stock.
- Schriesheim also indirectly owns shares through the HEICO Corporation Leadership Compensation Plan (409A Plan) and the estate of a deceased spouse.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company leadership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of stock transactions: option exercise and stock sales. |
| 03/25/2024 | Date of signature on the Form 4 filing. |
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