Form 4: Huron Consulting Group Director James H. Roth Sells Shares Under 10b5-1 Plan
SEC Form 4
Director James H. Roth sold 6,804 shares of Huron Consulting Group Inc. on March 25, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 25, 2024, James H. Roth, a director of Huron Consulting Group Inc., sold 6,804 shares of common stock.
- The sale was executed automatically under a Rule 10b5-1 trading plan adopted on May 18, 2023.
- The shares were sold at a weighted average price of $95, with individual transactions ranging from $94.47 to $95.32.
- Following the transaction, Roth directly owns 62,825 shares and indirectly owns 3,855 shares through a Family LLC.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by company insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan provides a legal framework for insiders to sell shares without being accused of acting on non-public information.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 05/18/2023 | Date the Rule 10b5-1 trading plan was adopted. |
| 03/25/2024 | Date of the stock sale transaction. |
| 03/27/2024 | Date of Form 4 filing. |
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