4/A: Mercury Systems CFO Farnsworth Corrects Stock Ownership in Amended SEC Filing
SEC Form 4/A Filing
David E. Farnsworth, EVP and CFO of Mercury Systems, files an amendment to a previous SEC Form 4 to correct the number of shares held indirectly through the 401(k) plan.
Summary
- David E. Farnsworth, the EVP and CFO of Mercury Systems, filed an amended SEC Form 4 on September 18, 2024, to correct an error in the original filing from August 19, 2024.
- The amendment pertains to the number of Mercury Systems shares held indirectly through the 401(k) plan.
- The original filing incorrectly reported 1,139 shares, while the corrected amount is 832 shares.
- The filing also indicates that Farnsworth directly owns 147,494 shares of Mercury Systems common stock as of August 15, 2024.
- Additionally, Farnsworth acquired 20,876 restricted stock units on August 15, 2024, which vest in increments over three years.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance practices. The correction itself doesn't suggest any underlying issues, but rather a commitment to accuracy.
Industry Context
This filing is a routine disclosure related to executive stock ownership, common for publicly traded companies like Mercury Systems. It provides transparency to investors regarding the holdings of key personnel.
Stakeholder Impact
- The correction of the stock ownership information ensures accurate representation to shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of earliest transaction: Acquisition of 20,876 restricted stock units and direct ownership of 147,494 shares. |
| 08/19/2024 | Date of original filing which contained an error. |
| 09/18/2024 | Date of amended filing to correct the number of shares held in the 401(k) plan. |
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