Form 4: Insuleet Corp Director Michael Minogue Transfers Shares via Gift
SEC Form 4 Filing
Director Michael Minogue transferred Insuleet Corp common stock via a bona fide gift to a trust for the benefit of his spouse.
Summary
- On June 4, 2024, Michael R. Minogue, a director of Insuleet Corp, reported a transaction involving the company's common stock.
- The transaction involved a gift of 843 shares of common stock from Minogue to a trust held for the benefit of his spouse.
- Following the transaction, Minogue directly owns 1,380 shares and indirectly owns 4,614 shares through the trust and 9,459 shares through a GRAT.
Sentiment
Score: 5
Explanation: The document simply reports a gift transaction, indicating a neutral sentiment.
Industry Context
This is a routine disclosure of insider transactions and doesn't necessarily reflect a broader industry trend.
Related Party Transactions
- The transaction involves a gift to a trust for the benefit of the reporting person's spouse, which is a related-party transaction.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of the transaction (gift of common stock) |
| 06/05/2024 | Date of signature for the Form 4 filing |
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