Form 4: Manhattan Associates SVP, CLO & Secretary, Bruce Richards, Reports Stock Sale
SEC Form 4
Bruce Richards, SVP, CLO & Secretary of Manhattan Associates, sold 4,000 shares of common stock at a price of $255.6705 on March 6, 2024.
Summary
- On March 6, 2024, Bruce Richards, the SVP, CLO & Secretary of Manhattan Associates, sold 4,000 shares of the company's common stock.
- The sale price was $255.6705 per share.
- Following the transaction, Richards directly owns 30,236 shares of Manhattan Associates common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an insider transaction. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of the stock sale transaction. |
| 03/07/2024 | Date of signature for the Form 4 filing. |
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