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 1,765 shares of common stock at an average price of $100.12 on March 4, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On March 4, 2024, C. Mark Hussey, the CEO and President of Huron Consulting Group Inc., sold 1,765 shares of the company's common stock.
- The sale was executed at a weighted average price of $100.12 per share, with individual transactions ranging from $100.085 to $100.36.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted by Hussey on August 29, 2023.
- Following the reported transaction, Hussey directly owns 121,728 shares of Huron Consulting Group Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a pre-planned stock sale by the CEO. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 08/29/2023 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 03/04/2024 | Date of the stock sale transaction |
| 03/06/2024 | Date of the Form 4 filing |
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