Form 4: Materion Corp Executive Chemnitz Sells Shares
SEC Form 4
Gregory R. Chemnitz, VP General Counsel & Secretary of Materion Corp, sold shares of common stock on May 13, 2024.
Summary
- On May 13, 2024, Gregory R. Chemnitz, VP General Counsel & Secretary of Materion Corp, sold shares of the company's common stock.
- The sales were executed in multiple transactions at varying prices.
- A total of 369 shares were sold at a weighted average price of $112.516, 1,415 shares at $113.376, and 216 shares at $114.239.
- Following these transactions, Chemnitz directly owns 18,031 shares of Materion Corp common stock.
- Additionally, Chemnitz indirectly owns 5,293.977 shares held in a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock sales by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of the financial markets, 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.
Stakeholder Impact
- The stock sale by a company insider may cause some investors to re-evaluate their positions in Materion Corp.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of stock sale transactions |
| 05/15/2024 | Date of signature on the Form 4 filing |
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