Form 4: Mario Gabelli Reports Charitable Gifts of M-tron Industries Stock
SEC Form 4 Filing
Mario Gabelli, a director and significant shareholder of M-tron Industries, reported gifting shares of common stock to a charity.
Summary
- On April 8, 2024, Mario Gabelli gifted 8,000 shares of M-tron Industries (MPTI) common stock to a charity.
- On May 28, 2024, Mr. Gabelli gifted an additional 1,500 shares of MPTI common stock to a charity.
- These transactions are reported on a Form 4 filing with the SEC.
- Following these transactions, Mr. Gabelli directly owns 184,010 shares of MPTI common stock.
- He also indirectly owns 180,500 shares through GGCP, Inc., where he serves as CEO, director, and controlling shareholder.
- Mr. Gabelli disclaims beneficial ownership of the shares held by GGCP in excess of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock ownership changes by a company insider and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The charitable gifts may have a minor impact on the overall shareholder base.
Key Dates
| Date | Description |
|---|---|
| 04/08/2024 | Mario Gabelli gifted 8,000 shares of M-tron Industries common stock to a charity. |
| 05/28/2024 | Mario Gabelli gifted 1,500 shares of M-tron Industries common stock to a charity. |
| 05/29/2024 | Date of signature on the Form 4 filing. |
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.