Form 4: Loar Holdings Executive Co-Chairman Sells 120,305 Shares
SEC Form 4 Filing
Brett N. Milgrim, Executive Co-Chairman of Loar Holdings Inc., sold 120,305 shares of common stock at a price of $81.175 per share on December 12, 2024.
Summary
- Brett N. Milgrim, the Executive Co-Chairman of Loar Holdings Inc., sold 120,305 shares of the company's common stock on December 12, 2024.
- The sale price was $81.175 per share.
- Following the transaction, Mr. Milgrim directly owns 3,865,327 shares.
- Mr. Milgrim also indirectly owns 608,541 shares through BNM Capital LLC.
- Mr. Milgrim disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock sale by an executive, with no indication of positive or negative sentiment.
Management Comments
- The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Industry Context
This is a routine SEC Form 4 filing, which is common when company insiders trade shares of their company's stock. It provides transparency into the transactions of company executives.
Comparison to Industry Standards
- SEC Form 4 filings are standard practice for publicly traded companies in the United States.
- The reporting requirements are consistent across all companies and are designed to ensure transparency in insider trading activities.
- The volume of shares sold is not unusual for an executive of a company of this size.
Stakeholder Impact
- The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on the company's operations or financial health.
Key Dates
| Date | Description |
|---|---|
| 12/12/2024 | Date of the stock sale transaction. |
| 12/16/2024 | Date the form was signed by Michael J. Manella, as Attorney-in-fact. |
Keywords
Loar Holdings, insider trading, stock sale, executive, common stock, beneficial ownership, BNM Capital LLC
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