Form 4: IEH Corp Director Michael E. Rosenfeld Acquires 5,000 Non-Qualified Options
SEC Form 4 Filing
Director Michael E. Rosenfeld reports acquisition of 5,000 non-qualified options in IEH Corp on May 8, 2023.
Summary
- On May 8, 2023, Michael E. Rosenfeld, 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 this transaction, Rosenfeld directly owns 10,000 derivative securities.
- The transaction was reported on June 3, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The acquisition of options by a director may signal confidence in the company's future performance to shareholders.
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 report filing. |
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