Form 4: Key Tronic Corp: CEO Brett R. Larsen Reports Stock Acquisitions
SEC Form 4 Filing
Chief Executive Officer Brett R. Larsen reports acquisition of Key Tronic Corp stock through 401(k) plan.
Summary
- Brett R. Larsen, CEO of Key Tronic Corp, filed a Form 4 to report changes in beneficial ownership.
- On February 28, 2025, Larsen indirectly acquired 7,000 shares of common stock at $3 per share through a 401(k) plan.
- On March 3, 2025, Larsen indirectly acquired 7,000 shares of common stock at $2.95 per share through a 401(k) plan.
- Following these transactions, Larsen beneficially owns 38,179.63 shares of Key Tronic Corp common stock indirectly through the 401(k) plan and 13,677 shares directly.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock acquisitions through a 401(k) plan. It doesn't inherently indicate positive or negative news.
Positives
- The CEO's stock acquisitions could be interpreted as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions. They are closely watched by investors for signals about management's view of the company's prospects.
Stakeholder Impact
- Shareholders may view the CEO's stock purchases as a positive sign of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Acquisition of 7,000 shares of common stock at $3 per share through 401(k) plan. |
| 03/03/2025 | Acquisition of 7,000 shares of common stock at $2.95 per share through 401(k) plan. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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