Form 4: Moelis & Co Director Kenneth Shropshire Sells 495 Shares
SEC Form 4 Filing
Director Kenneth Shropshire sold 495 shares of Moelis & Co Class A Common Stock on July 31, 2024, at a price of $69.29 per share.
Summary
- On July 31, 2024, Kenneth Shropshire, a director of Moelis & Co, sold 495 shares of Class A Common Stock.
- The transaction was executed at a price of $69.29 per share.
- Following the sale, Shropshire directly owns 9,372 shares of Moelis & Co Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) buy or sell the company's securities. This provides transparency to the market regarding insider transactions.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction, but this sale is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of transaction: Kenneth Shropshire sold shares of Moelis & Co. |
| 08/02/2024 | Date of signature for the Form 4 filing. |
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