Form 4: Manhattan Associates SVP, CLO & Secretary Bruce Richards Sells Shares
SEC Form 4 Filing
Bruce Richards, SVP, CLO & Secretary of Manhattan Associates, sold a total of 4,000 shares of common stock in two transactions on August 28 and 29, 2024.
Summary
- Bruce Richards, an officer of Manhattan Associates Inc., reported the sale of company stock.
- On August 28, 2024, Richards sold 2,473 shares of common stock at a price of $261 per share.
- On August 29, 2024, Richards sold 1,527 shares of common stock at a price of $261 per share.
- Following these transactions, Richards directly owns 26,236 shares of Manhattan Associates Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard Form 4 filing indicating stock sales by an officer. It doesn't inherently suggest positive or negative implications for the company's performance.
Industry Context
This is a routine disclosure of insider trading activity. It is common for company executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by an officer could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
Key Dates
| Date | Description |
|---|---|
| 08/28/2024 | Bruce Richards sold 2,473 shares of common stock at $261 per share. |
| 08/29/2024 | Bruce Richards sold 1,527 shares of common stock at $261 per share. |
| 08/30/2024 | Date of signature by David M. Eaton, Attorney-in-Fact. |
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