Form 4: Logility Executive Bill Thomas Harrison Reports Cancellation and Conversion of Stock Options
SEC Form 4 Filing
Executive Vice President Bill Thomas Harrison reports the cancellation and conversion of Logility stock options following a transaction on April 4, 2025.
Summary
- Bill Thomas Harrison, an Executive Vice President at Logility Supply Chain Solutions, Inc., filed a Form 4 on April 4, 2025.
- The filing reports the cancellation of several stock option grants held by Harrison.
- Stock options with an exercise price equal to or greater than $14.30 were cancelled for no consideration.
- Stock options with an exercise price less than $14.30 were cancelled and converted into the right to receive cash.
- The cash payment is calculated by multiplying the number of shares subject to the option by the difference between $14.30 and the option's exercise price, subject to tax withholding.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock option transactions, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.
Stakeholder Impact
- Shareholders may be interested in the details of executive compensation and how it aligns with company performance.
Key Dates
| Date | Description |
|---|---|
| 04/04/2025 | Date of transaction and filing of Form 4. |
| 08/18/2027 | Expiration date of one of the cancelled stock option grants. |
| 05/03/2028 | Expiration date of one of the cancelled stock option grants. |
| 09/16/2025 | Expiration date of one of the cancelled stock option grants. |
| 09/03/2026 | Expiration date of one of the cancelled stock option grants. |
| 05/31/2029 | Expiration date of one of the cancelled stock option grants. |
| 08/29/2030 | Expiration date of one of the cancelled stock option grants. |
Keywords
Form 4, Stock Options, Logility, Executive Compensation, Beneficial Ownership, Harrison, LGTY
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.