Form 4: Logility Executive Keith Alan Charron Disposes of Stock Options Following Merger

Keith Alan Charron, Chief Operating Officer of Logility Supply Chain Solutions, Inc., reports the disposition of several stock options following a transaction.

Summary

• Keith Alan Charron, the Chief Operating Officer of Logility Supply Chain Solutions, Inc., filed a Form 4 on April 4, 2025, reporting changes in beneficial ownership of securities.
• The report details the disposition of several stock options held by Charron, with exercise prices ranging from $11.29 to $22.
• The transactions occurred on April 4, 2025.
• 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 equal to the number of shares multiplied by the difference between $14.30 and the exercise price, subject to tax withholding.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing the disposition of stock options, which is neither inherently positive nor negative. The sentiment is neutral.

Industry Context

Form 4 filings are standard practice when company insiders, like the COO, trade company securities; this filing reflects changes due to a specific corporate event, likely a merger or acquisition.

Stakeholder Impact

• Shareholders may be interested in the details of executive compensation and how it changes following significant corporate events.

Key Dates

Keywords

Form 4, Logility, Stock Options, Beneficial Ownership, Charron, Disposition, Securities