Form 4: Martin Marietta Materials CEO Howard Nye Sells Shares
SEC Form 4 Filing
Howard Nye, Chairman, President, and CEO of Martin Marietta Materials, Inc., sold shares of common stock on March 5, 2024.
Summary
- On March 5, 2024, Howard Nye, the Chairman, President, and CEO of Martin Marietta Materials, Inc., sold 15,000 shares of common stock at a weighted average price of $604.26.
- He also sold 5,000 shares held indirectly through the Charles Howard Nye Irrevocable Trust at the same weighted average price.
- Following these transactions, Nye directly owns 134,640 shares and indirectly owns 70,400 shares through the trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting the sale of shares by a company executive. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sale in various ways.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock and future prospects.
Stakeholder Impact
- Shareholders may react to the stock sale, potentially influencing the stock price.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of stock sale transactions. |
| 03/06/2024 | Date of signature by attorney-in-fact. |
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