Form 4: Liberty Media Executive Exercises Options and Sells Shares
SEC Form 4 Filing
Renee L. Wilm, Chief Legal/Admin Officer of Liberty Media Corp, exercised stock options and sold shares of Series C Liberty Formula One Common Stock on September 20, 2024.
Summary
- On September 20, 2024, Renee L. Wilm, Chief Legal/Admin Officer of Liberty Media Corp, exercised stock options to acquire 8,500 shares of Series C Liberty Formula One Common Stock at a price of $42.06 per share.
- Following the exercise of options, Wilm sold 19,202 shares of Series C Liberty Formula One Common Stock at a weighted average price of $78.78.
- The sales were executed in multiple transactions ranging from $78.7773 to $78.7995.
- After these transactions, Wilm directly owns 19,202 shares of Series C Liberty Formula One Common Stock.
- Wilm also holds options to purchase 66,510 shares of Series C Liberty Formula One Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It allows investors to monitor the actions of key personnel and assess their confidence in the company's prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 09/23/2022 | First vesting date of the option award in two substantially equal installments |
| 09/23/2023 | Second vesting date of the option award in two substantially equal installments |
| 09/20/2024 | Date of transaction: Exercise of stock options and sale of shares |
| 11/13/2026 | Expiration date of the stock options |
Keywords
Liberty Media Corp, FWONK, Renee L. Wilm, Stock Options, Share Sale, Form 4, Insider Trading, Series C Liberty Formula One Common Stock
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