Form 4: Mario J. Gabelli Reports Share Gift and Indirect Holdings in M-tron Industries

Mario J. Gabelli, a director of M-tron Industries, reported gifting 3,500 shares to charity and holding 171,200 shares indirectly through GGCP, Inc.

Summary

• Mario J. Gabelli, a director of M-tron Industries, filed a Form 4 disclosing changes in his beneficial ownership of the company's stock.
• On November 19, 2024, Mr. Gabelli gifted 3,500 shares of common stock to a charity.
• Following this transaction, Mr. Gabelli directly owns 110,171 shares of M-tron Industries.
• Mr. Gabelli also 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 neutral disclosure of a share gift and indirect holdings, with no indication of positive or negative sentiment.

Management Comments

• Mr. Gabelli disclaims beneficial ownership of the shares held by GGCP in excess of his pecuniary interest.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, which is a common practice in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders in the US.
• The reporting requirements are set by the SEC and are consistent across all publicly traded companies.
• The level of detail provided in this filing is typical for this type of disclosure.

Stakeholder Impact

• The share gift has a minor impact on the total shares outstanding.
• The disclosure provides transparency to shareholders regarding insider ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, M-tron Industries, Mario J. Gabelli, Share Gift, GGCP, Inc., Director Shareholding