Form 4: Mario Gabelli Reports Gift of M-tron Industries Shares to Charity
SEC Form 4 Filing
Mario Gabelli, a director and 10% owner of M-tron Industries, reported gifting 4,000 shares of common stock to a charity on November 6, 2024.
Summary
- On November 6, 2024, Mario Gabelli, a director and 10% owner of M-tron Industries, gifted 4,000 shares of common stock to a charity.
- The transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Mr. Gabelli directly owns 158,671 shares of M-tron Industries.
- Mr. Gabelli is also deemed the beneficial owner of 171,200 shares held by GGCP, Inc., where he serves as CEO, director, and controlling shareholder.
- He 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 regarding a gift of shares. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The gift of shares may have a minor dilutive effect on existing shareholders, but the impact is likely insignificant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of the transaction (gift of shares to charity). |
| 11/07/2024 | Date of signature on the Form 4 filing. |
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