Form 4: Hillman Solutions Corp. Executive Randall J. Fagundo Reports Stock Transactions
SEC Form 4
Randall J. Fagundo, a Division President at Hillman Solutions Corp., reported the exercise of stock options and subsequent sale of common stock on March 1st and 4th, 2024.
Summary
- On March 1, 2024, Randall J. Fagundo exercised stock options to acquire 86,533 shares at $7.29 and 154,613 shares at $7.89.
- Also on March 1, 2024, Fagundo sold 241,146 shares at a weighted average price of $9.63 and 9,400 shares at a weighted average price of $9.6685.
- On March 4, 2024, Fagundo exercised stock options to acquire 85,207 shares at $7.89.
- On March 4, 2024, Fagundo sold 85,207 shares at a weighted average price of $9.58.
- Following these transactions, Fagundo directly owns 45,440 shares of common stock.
- Fagundo also owns 86,533 stock options with an exercise price of $7.29, 165,148 stock options with an exercise price of $7.89, and 79,941 stock options with an exercise price of $7.89.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. There is no indication of positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, as mandated by the SEC.
- The transactions are similar to those seen at comparable companies where executives exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders as they reflect insider selling activity.
Key Dates
| Date | Description |
|---|---|
| 08/10/2018 | Date stock options were granted (exercise price $7.29) |
| 07/30/2020 | Date stock options were granted (exercise price $7.89) |
| 03/01/2024 | Date of stock option exercise and sale of common stock |
| 03/04/2024 | Date of stock option exercise and sale of common stock |
| 03/05/2024 | Date of signature on the Form 4 filing |
| 08/10/2028 | Expiration date of stock options granted on 08/10/2018 |
| 07/30/2030 | Expiration date of stock options granted on 07/30/2020 |
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