Form 4: Lantheus Holdings President Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Lantheus Holdings President, Paul Blanchfield, sold 2,000 shares of common stock at $79.65 per share and gifted 355 shares, according to a recent SEC filing.
Summary
- Paul Blanchfield, President of Lantheus Holdings, Inc., executed a sale of 2,000 shares of common stock at a price of $79.65 per share on November 14, 2024.
- Additionally, Mr. Blanchfield gifted 355 shares of common stock on the same day.
- These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 1, 2024.
- Following these transactions, Mr. Blanchfield directly owns 96,737 shares of Lantheus Holdings common stock.
- This total includes 112 shares acquired through the company's employee stock purchase plan on September 13, 2024.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive. It doesn't indicate any positive or negative sentiment about the company's performance.
Industry Context
This is a routine filing related to insider trading activity and is common for executives of publicly traded companies. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.
Comparison to Industry Standards
- The use of a 10b5-1 trading plan is a standard practice among executives at publicly traded companies to manage their stock transactions and avoid potential insider trading issues.
- Similar filings are regularly made by executives at comparable companies such as GE Healthcare, Siemens Healthineers, and Philips, when they execute stock transactions.
Stakeholder Impact
- The stock sale by a company executive may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 2024-03-01 | Date the Rule 10b5-1 trading plan was adopted by the reporting person. |
| 2024-09-13 | Date 112 shares were acquired under the LNTH employee stock purchase plan. |
| 2024-11-14 | Date of the reported stock sale and gift transactions. |
| 2024-11-18 | Date the Form 4 was signed. |
Keywords
Lantheus Holdings, insider trading, Form 4, stock sale, Rule 10b5-1, equity securities, Paul Blanchfield
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