Form 4: Informatica Inc. Executive Mark Pellowski Reports Stock Transactions
SEC Form 4 Filing
Mark Pellowski, Chief Accounting Officer of Informatica Inc., reports the acquisition and disposal of Class A Common Stock and the exercise of stock options.
Summary
- Mark Pellowski, Chief Accounting Officer of Informatica Inc., filed a Form 4 detailing changes in beneficial ownership.
- On June 17, 2024, Pellowski acquired 7,636 shares of Class A Common Stock at $10 and 2,390 shares at $8.7 through option exercises.
- He also disposed of 10,026 shares of Class A Common Stock at a weighted average price of $29.801.
- Following these transactions, Pellowski beneficially owns 146,804 shares of Class A Common Stock.
- He also holds options to purchase 14,637 shares at $8.7 and 22,364 shares at $10.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 7, 2023.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| March 20, 2018 | Grant date of performance-based stock option. |
| December 7, 2023 | Date of adoption of Rule 10b5-1 trading plan. |
| June 17, 2024 | Date of reported transactions (stock option exercises and stock sales). |
| June 20, 2024 | Date of signature on the Form 4 filing. |
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