Form 4: Masco Corp Executive Kenneth G. Cole Reports Stock Sales and Option Exercise
SEC Form 4 Filing
Kenneth G. Cole, VP, General Counsel and Secretary of Masco Corporation, reported exercising stock options and selling shares on September 10, 2024.
Summary
- On September 10, 2024, Kenneth G. Cole, VP, General Counsel and Secretary of Masco Corporation, exercised employee stock options for 18,750 shares at a price of $25.51.
- He then sold 18,750 shares at a weighted average price of $78.2833 and 19,064 shares at a weighted average price of $78.3491.
- Following these transactions, Cole directly owns 56,044 shares and 36,980 shares of Masco Corporation common stock.
- Cole also has a Power of Attorney appointing Rick Westenberg and Yvette M. VanRiper to handle SEC filings related to Masco Corporation securities.
Sentiment
Score: 5
Explanation: This is a neutral filing reflecting routine transactions. The executive exercised options and sold shares, which could be for various personal financial reasons and doesn't necessarily indicate a positive or negative outlook on the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/10/2017 | Employee Stock Option became exercisable in five equal annual installments commencing on this date. |
| 05/01/2024 | Power of Attorney executed. |
| 09/10/2024 | Date of stock option exercise and stock sales. |
| 09/12/2024 | Date of Form 4 filing. |
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