Form 4: Jack Henry & Associates Inc. Executive Adelson Transfers Shares to Revocable Trust
SEC Form 4 Filing
Gregory R. Adelson, President & COO of Jack Henry & Associates Inc., reports transferring 600 shares of common stock held by trust and 11,865 shares of common stock to a revocable trust.
Summary
- On May 10, 2024, Gregory R. Adelson, President & COO of Jack Henry & Associates Inc., reported a transaction involving the company's common stock.
- 600 shares of common stock were disposed of at $0 price.
- Adelson indirectly owns 11,265 shares through a trust.
- Previously, 11,865 shares were reported as directly owned, but these were transferred to the Gregory R Adelson Revocable Trust on February 23, 2024.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing a stock transfer to a trust, which is neither inherently positive nor negative.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction itself has minimal direct impact on stakeholders, as it is a transfer of ownership to a trust controlled by the same individual.
- The filing ensures transparency for shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | 11,865 shares of common stock were transferred to the Gregory R Adelson Revocable Trust. |
| 05/10/2024 | Transaction date: 600 shares of common stock disposed of. |
| 05/14/2024 | Date of report submission. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.