Form 4: American Software Inc. Executive Acquires 100,000 Stock Options
SEC Form 4 Filing
Mark Peterson Grant, VP & General Counsel of American Software Inc., reports the acquisition of 100,000 stock options.
Summary
- Mark Peterson Grant, VP & General Counsel of American Software Inc., filed a Form 4.
- The form reports the acquisition of 100,000 stock options on August 29, 2024, at an exercise price of $11.29.
- The stock options vest over 5 years at a rate of 20% per year and expire in the 6th year, beginning August 29, 2024.
- Grant also disposed of 100,000 shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard disclosure of stock option grants, which are part of executive compensation.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the executive's continued investment in the company's future.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of stock option acquisition and disposal of common stock |
| 08/29/2024 | Vesting start date for stock options |
| 08/29/2030 | Expiration date for stock options |
| 09/03/2024 | Date of Form 4 filing |
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