Form 4: Mexco Energy Corp Officer Stacy D. Hardin Reports Stock Transactions
SEC Form 4
Stacy D. Hardin, Secretary of Mexco Energy Corp, reports acquisition and disposal of company stock and stock options on April 8th and 9th, 2024.
Summary
- On April 8, 2024, Stacy D. Hardin, Secretary of Mexco Energy Corp, acquired 450 shares of MXC common stock at $4.84 per share and disposed of 450 shares at $13.34 per share.
- On April 9, 2024, Hardin acquired 800 shares of MXC common stock at $4.84 per share and disposed of 800 shares in multiple transactions at prices ranging from $13.34 to $13.39 per share.
- Following these transactions, Hardin directly owns 7,099 shares of MXC common stock.
- Hardin also holds options for 18,000 shares, with 6,250 of these options vested at prices of $3.34, $8.51, and $18.05 per share.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Positives
- The transactions show the officer is actively trading the company's stock.
- The officer acquired shares at a lower price ($4.84) and sold them at a higher price (around $13.34-$13.39), indicating a potential profit.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company officers regarding their holdings of company stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The information disclosed is consistent with regulatory requirements for reporting changes in beneficial ownership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, as insider trading activity is often monitored for signals about company performance.
- The impact on other stakeholders (employees, customers, suppliers, creditors) is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 09/11/2019 | Date options were granted. |
| 04/08/2024 | Date of first reported transaction (acquisition and disposal of common stock and acquisition of stock options). |
| 04/09/2024 | Date of second reported transaction (acquisition and disposal of common stock and acquisition of stock options). |
| 04/10/2024 | Date of signature on the Form 4. |
| 09/11/2028 | Expiration date of stock options. |
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