Form 4: Korn Ferry CEO Gary Burnison Sells Shares in Multiple Transactions
SEC Form 4 Filing
Korn Ferry CEO Gary Burnison sold a significant number of shares in the company over a four-day period in October 2024.
Summary
- Gary Burnison, CEO of Korn Ferry, reported the sale of common stock shares between October 1st and October 3rd, 2024.
- On October 1st, 2024, Burnison sold 16,274 shares at a weighted average price of $74.05.
- On October 2nd, 2024, he sold 45,000 shares at a weighted average price of $73.68.
- On October 3rd, 2024, he sold 37,726 shares at a weighted average price of $72.1631 and 1,000 shares at a weighted average price of $72.811.
- Following these transactions, Burnison directly owns 273,118 shares of Korn Ferry common stock.
Sentiment
Score: 4
Explanation: The sentiment is neutral to slightly negative. While insider sales don't automatically indicate a problem, a large sale by the CEO could create uncertainty among investors.
Industry Context
Insider sales are a common occurrence, but the market often scrutinizes them for signals about a company's prospects. Large or frequent sales by top executives can sometimes raise concerns, while routine sales for diversification or personal financial planning are generally viewed as less significant.
Stakeholder Impact
- Shareholders may react to the news of the CEO's stock sales, potentially impacting the stock price.
- Employees may be concerned about the reasons behind the CEO's stock sales.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Gary Burnison sold 16,274 shares of Korn Ferry at a weighted average price of $74.05. |
| 10/02/2024 | Gary Burnison sold 45,000 shares of Korn Ferry at a weighted average price of $73.68. |
| 10/03/2024 | Gary Burnison sold 37,726 shares of Korn Ferry at a weighted average price of $72.1631 and 1,000 shares at a weighted average price of $72.811. |
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