Form 4: Huron Consulting Group Director Zumwalt Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Debra Zumwalt, a director at Huron Consulting Group Inc., sold 222 shares of common stock at $104.92 per share on August 19, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On August 19, 2024, Debra Zumwalt, a director of Huron Consulting Group Inc., sold 222 shares of the company's common stock.
- The sale was executed at a price of $104.92 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on May 21, 2024.
- Following the transaction, Zumwalt directly owns 26,450 shares of Huron Consulting Group Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider transaction. Rule 10b5-1 plans are common mechanisms for corporate insiders to sell shares while avoiding accusations of trading on non-public information.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder confidence, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| May 21, 2024 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| August 19, 2024 | Date of the transaction (sale of shares) |
| August 21, 2024 | Date of the signature on the Form 4 filing |
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