Form 4: Korn Ferry Executive Sells Over 9,600 Shares in Pre-Planned Transaction
Insider Transaction Report
Michael Distefano, CEO of Professional Search & Interim at Korn Ferry, sold 9,605 shares of common stock for approximately $693,900 through a pre-arranged trading plan.
Summary
- Michael Distefano, the Chief Executive Officer of Professional Search & Interim at Korn Ferry (KFY), executed a sale of company common stock.
- The transaction involved the disposition of 9,605 shares of common stock, par value $0.01 per share.
- The sale occurred on July 16, 2025, at a weighted average price of $72.2543 per share.
- The total value of the shares sold was approximately $693,900.
- Following this transaction, Michael Distefano beneficially owns 54,271 shares of Korn Ferry common stock.
- The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan, indicating it was a pre-scheduled sale.
Sentiment
Score: 5
Explanation: Neutral. The sale is a pre-planned transaction under Rule 10b5-1, which typically indicates a routine liquidity event rather than a signal of negative sentiment about the company's future prospects. The amount sold represents a portion of the executive's holdings, with a significant number of shares still retained.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding the company's future performance or outlook.
Management Comments
- The reporting person undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Industry Context
This is a routine insider transaction filing and does not provide broader industry context or trends. It reflects an individual executive's pre-planned stock sale.
Stakeholder Impact
- Shareholders may note the executive's sale of shares, though its pre-planned nature under Rule 10b5-1 mitigates concerns about its signaling effect.
Next Steps
- The reporting person is obligated to provide detailed trade information upon request from the SEC staff, the issuer, or a security holder.
Key Dates
| Date | Description |
|---|---|
| 07/16/2025 | Date of transaction and filing of the Form 4. |
Recommendation
holdKeywords
Korn Ferry, KFY, SEC Form 4, Insider Trading, Stock Sale, Executive Compensation, Rule 10b5-1, Michael Distefano
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