Form 4: Henry Schein Inc. Executive Walter Siegel Sells 4,134 Shares
SEC Filing
Walter Siegel, Sr. VP & Chief Legal Officer of Henry Schein Inc., sold 4,134 shares of common stock at $69.47 per share on June 6, 2024, according to a Form 4 filing.
Summary
- Walter Siegel, a Senior VP & Chief Legal Officer at Henry Schein Inc. (HSIC), reported a transaction involving the company's common stock.
- On June 6, 2024, Siegel sold 4,134 shares at a price of $69.47 per share.
- Following the transaction, Siegel directly owns 39,526 shares of Henry Schein Inc.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 7, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan, suggesting it's not necessarily indicative of the executive's view on the company's current or future performance.
Industry Context
Insider transactions are routinely monitored by investors to gauge executive sentiment regarding the company's prospects. Sales don't necessarily indicate a negative outlook, especially when executed under pre-arranged trading plans like Rule 10b5-1.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 06/06/2024 | Date of stock sale transaction |
| 06/07/2024 | Date of Form 4 filing |
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