Form 4: Hennessy Advisors Executive VP Steadman Reports Stock Gift and Indirect Holding
SEC Filing
Daniel B. Steadman, Executive VP of Hennessy Advisors, reported a gift of 2,000 common stock shares and an indirect holding of 1,500 shares through a child.
Summary
- Daniel B. Steadman, an Executive VP at Hennessy Advisors Inc. (HNNA), filed a Form 4 with the SEC.
- The filing reports a transaction on September 23, 2024, where 2,000 shares of common stock were gifted.
- Steadman directly owns 53,100 shares of Hennessy Advisors Inc. common stock.
- Steadman also indirectly owns 1,500 shares through a child.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an insider's activity, but the scale is small.
Key Dates
| Date | Description |
|---|---|
| 09/23/2024 | Date of stock gift transaction |
| 09/24/2024 | Date of signature on the Form 4 filing |
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