Form 4: Mario Gabelli Reports Gift of M-tron Industries Shares to Charity
SEC Form 4 Filing
Mario Gabelli, a director and significant shareholder of M-tron Industries, reported gifting 3,829 shares of common stock to a charity on October 10, 2024.
Summary
- Mario Gabelli, a director of M-tron Industries, Inc. (MPTI), filed a Form 4 with the SEC.
- The filing reports a transaction on October 10, 2024, where Mr. Gabelli gifted 3,829 shares of MPTI common stock to a charity.
- Following the transaction, Mr. Gabelli directly owns 162,671 shares.
- Additionally, he indirectly owns 171,200 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 standard SEC filing reporting a gift of shares. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The gift of shares may have a minor dilutive effect on existing shareholders, although the amount is small.
Key Dates
| Date | Description |
|---|---|
| 10/10/2024 | Date of the gift of 3,829 shares to a charity. |
| 10/14/2024 | Date of signature on the Form 4 filing. |
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