Form 4: Hologic CEO Stephen MacMillan Transfers Shares to Family Trust
SEC Form 4 Filing
Hologic's Chairman, President, and CEO, Stephen MacMillan, transferred 57,875 shares of common stock to the MacMillan Family Trust on May 23, 2024.
Summary
- Stephen MacMillan, Chairman, President, and CEO of Hologic Inc., filed a Form 4 on May 24, 2024, reporting changes in beneficial ownership.
- On May 23, 2024, MacMillan transferred 57,875 shares of Hologic common stock to the MacMillan Family Trust.
- Following the transaction, MacMillan directly owns 1,157,213 shares of common stock, which includes 1,079,673 restricted stock units/performance stock units.
- MacMillan is also an indirect beneficial owner of 1,146,829 shares held by the MacMillan Family Trust, where he serves as a trustee and is a beneficiary along with his family.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a stock transfer. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's performance or outlook. It reflects personal financial planning by the CEO.
Related Party Transactions
- The transfer of shares to the MacMillan Family Trust constitutes a related party transaction, as the CEO is a trustee and beneficiary of the trust.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a personal financial decision by the CEO and does not affect the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of the stock transfer to the MacMillan Family Trust. |
| 05/24/2024 | Date of the Form 4 filing. |
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