Form 4: Huron Consulting Group CEO C. Mark Hussey Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Huron Consulting Group's CEO, C. Mark Hussey, sold 34,013 shares of common stock on July 12, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On July 12, 2024, C. Mark Hussey, CEO and President of Huron Consulting Group Inc., sold 34,013 shares of common stock.
- The sales were executed automatically under a Rule 10b5-1 trading plan adopted on August 29, 2023.
- The shares were sold in multiple transactions at weighted average prices of $100.5, $101.24, and $102.24.
- Following the transactions, Hussey directly owns 85,081 shares of Huron Consulting Group Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock sales under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
Sales by insiders are common and often pre-planned to avoid accusations of trading on inside information. Rule 10b5-1 plans allow insiders to sell shares at predetermined times and prices.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but the pre-planned nature of the transaction mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 2023-08-29 | Date the Rule 10b5-1 trading plan was adopted by C. Mark Hussey. |
| 2024-05-01 | Date of Power of Attorney execution. |
| 2024-07-12 | Date of the stock sale transaction. |
| 2024-07-16 | Date of Form 4 filing. |
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