Form 4: Jack Henry & Associates Executive Exercises Options and Sells Shares
SEC Form 4 Filing
David B. Foss, Executive Board Chair at Jack Henry & Associates, exercised stock options and sold shares on November 19, 2024.
Summary
- David B. Foss, the Executive Board Chair of Jack Henry & Associates, engaged in multiple transactions involving the company's stock on November 19, 2024.
- He exercised non-qualified stock options to acquire 11,685 shares at a price of $87.27 per share.
- Following the option exercise, Mr. Foss disposed of 8,192 shares to cover tax obligations at a price of $172.06 per share.
- He also sold 18,770 shares on the open market at a weighted average price of $171.32 per share, with individual transactions ranging from $170.74 to $171.69.
- After these transactions, Mr. Foss directly owns 138,665 shares and indirectly owns 4,902 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative for the company's overall performance.
Industry Context
This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Executive stock option exercises and sales are a common practice in publicly traded companies, particularly in the technology and financial services sectors.
- Companies like Fiserv (FISV) and Fidelity National Information Services (FIS) also have executives who regularly exercise options and sell shares, as part of their compensation packages.
- The reported prices are within the typical range for such transactions, reflecting the current market valuation of the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on the stock price due to the volume of shares sold.
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 07/01/2016 | Date the non-qualified stock options became exercisable. |
| 09/30/2024 | Date of the 401(k) plan information used to determine indirect share ownership. |
| 11/19/2024 | Date of the stock option exercise and share sales. |
| 11/21/2024 | Date the Form 4 was signed. |
| 07/01/2026 | Expiration date of the non-qualified stock options. |
Keywords
stock options, insider trading, share sale, executive compensation, Form 4, JKHY, Jack Henry & Associates
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