Form 4: Huron Consulting Group Director John McCartney Sells Shares Under 10b5-1 Plan
SEC Form 4
Director John McCartney of Huron Consulting Group Inc. sold 300 shares of common stock at $98.13 per share on March 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 1, 2024, John McCartney, a director at Huron Consulting Group Inc., sold 300 shares of common stock.
- The sale was executed at a price of $98.13 per share.
- This transaction was conducted under a pre-existing Rule 10b5-1 trading plan adopted on August 2, 2023.
- Following the transaction, McCartney directly owns 56,919 shares and indirectly owns 1,259 shares through a wholly owned LLC.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock sale under a pre-arranged trading plan.
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 sale of shares by a director could have a minor negative impact on shareholder confidence, but the use of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 08/02/2023 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 03/01/2024 | Date of the transaction (sale of shares) |
| 03/05/2024 | Date of the Form 4 filing |
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