Form 4: IEH Corp Director Gerald E. Chafetz Acquires 5,000 Non-Qualified Options
SEC Form 4 Filing
Director Gerald E. Chafetz reports acquisition of 5,000 non-qualified options in IEH Corp.
Summary
- On May 8, 2023, Gerald E. Chafetz, a director of IEH Corp, acquired 5,000 non-qualified options with an exercise price of $6.01.
- These options are exercisable from May 8, 2023, and expire on May 8, 2033.
- Following the transaction, Mr. Chafetz beneficially owns 9,000 derivative securities.
- The options are directly owned.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider transaction, neither inherently positive nor negative.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to the market regarding the holdings and activities of company directors.
Stakeholder Impact
- The transaction provides shareholders with information about the director's stake in the company.
- It offers insight into management's incentives and alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 05/08/2023 | Date of earliest transaction: Acquisition of 5,000 non-qualified options. |
| 05/08/2023 | Options become exercisable. |
| 05/08/2033 | Expiration date of the options. |
| 06/03/2024 | Date of signature on the form. |
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