Form 4: Logility Director Exercises Stock Options, Acquires 3,000 Shares

Logility director Dennis Hogue exercised stock options to acquire 3,000 shares of common stock on January 28, 2025.

Summary

• On January 28, 2025, Dennis Hogue, a director at Logility Supply Chain Solutions, Inc., exercised stock options.
• This transaction resulted in the acquisition of 3,000 shares of common stock at a price of $11.14 per share.
• Following the transaction, Mr. Hogue directly owns 47,756 shares of Logility common stock.
• The stock options were converted into an equal number of shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a standard insider transaction, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine transaction for a company director and is not unusual in the context of executive compensation and stock option plans.

Comparison to Industry Standards

• Stock option exercises are a common form of compensation for directors and executives in publicly traded companies.
• The vesting period of 1 year for the director's options is typical in the industry.
• The transaction is similar to those seen at companies like Oracle, SAP, and Manhattan Associates, which also use stock options as part of their compensation packages.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with those of the company.

Key Dates

Keywords

stock options, insider trading, beneficial ownership, Logility, director, equity