Form 4: Insight Enterprises Director Richard E. Allen Sells 10,000 Shares
SEC Form 4 Filing
Director Richard E. Allen of Insight Enterprises Inc. sold 10,000 shares of common stock at a weighted average price of $185.3399 on February 27, 2024.
Summary
- On February 27, 2024, Richard E. Allen, a director of Insight Enterprises Inc. (NSIT), sold 10,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $185.3399 per share.
- Following the transaction, Allen directly owns 30,647 shares indirectly through a trust.
Sentiment
Score: 5
Explanation: This is a neutral event. A director selling shares doesn't necessarily indicate a negative outlook, as it could be for personal financial reasons.
Industry Context
This is a routine disclosure of insider trading activity. It's common for directors and officers to buy and sell shares of their company's stock. The impact on the stock price is usually minimal unless the transaction is very large or part of a broader trend.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of transaction: Richard E. Allen sold 10,000 shares of Insight Enterprises Inc. common stock. |
| 02/29/2024 | Date of report: Lisanne Steinheiser, by Power of Attorney, signed the report on behalf of Richard Allen. |
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