Form 4: Littelfuse SVP Cole Exercises Options and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Matthew Cole, SVP of eMobility & Corporate Strategy at Littelfuse, exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan.
Summary
- On February 14, 2025, Matthew Cole, SVP of eMobility & Corporate Strategy at Littelfuse Inc., exercised stock options to acquire 500 shares of common stock at a price of $192.59 per share.
- Simultaneously, Cole sold 500 shares of Littelfuse common stock at a price of $248.8 per share.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on September 12, 2024.
- Following these transactions, Cole directly owns 5,522 shares of Littelfuse common stock and holds options for 500 shares.
- The stock options vested in increments of one third annually beginning on April 27, 2019, one year after the grant date of April 27, 2018.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions under a pre-existing trading plan. There is no indication of positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
This filing reflects routine transactions by a company executive under a pre-arranged trading plan, which is a common practice to avoid accusations of insider trading. It provides transparency into executive compensation and stock ownership.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are part of a pre-arranged trading plan and do not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 04/27/2018 | Date of grant for the stock options, which vested in increments of one third annually beginning on the first anniversary of this date. |
| 04/27/2019 | First vesting date of the stock options, one year after the grant date. |
| 09/12/2024 | Date the reporting person adopted the Rule 10b5-1 trading plan. |
| 02/14/2025 | Date of the transaction where stock options were exercised and shares were sold. |
Keywords
Littelfuse, LFUS, Matthew Cole, Stock Options, Form 4, 10b5-1 Plan, Insider Trading, eMobility, Corporate Strategy
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