Form 4: Mario Gabelli Reports M-tron Industries Share Gift
SEC Form 4 Filing
Mario Gabelli, a director and 10% owner of M-tron Industries, Inc., reported gifting 3,000 shares of common stock to a charity on August 28, 2024.
Summary
- On August 28, 2024, Mario J. Gabelli, a director of M-tron Industries, Inc., gifted 3,000 shares of common stock to a charity.
- Following the transaction, Mr. Gabelli directly owns 173,671 shares.
- He is also deemed the beneficial owner of 172,000 shares held by GGCP, Inc., where he serves as CEO, director, and controlling shareholder.
- Mr. Gabelli disclaims beneficial ownership of the GGCP shares exceeding his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding 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. This particular filing indicates a charitable donation of shares by a significant shareholder.
Stakeholder Impact
- The gift of shares to a charity may have a minor positive impact on the company's image.
Key Dates
| Date | Description |
|---|---|
| 08/28/2024 | Date of the transaction (gift of shares to charity). |
| 08/29/2024 | Date of signature on the Form 4 filing. |
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