Form 4: Mr. Cooper Group CEO Jesse K. Bray Sells 25,000 Shares
SEC Form 4 Filing
Mr. Cooper Group's CEO, Jesse K. Bray, sold 25,000 shares of common stock at an average price of $92.12, according to a Form 4 filing.
Summary
- Jesse K. Bray, CEO of Mr. Cooper Group Inc., sold 25,000 shares of common stock on July 29, 2024.
- The sale was executed at a weighted average price of $92.12 per share, with individual transactions ranging from $91.79 to $95.15.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted by The Jesse K. Bray Living Trust on June 14, 2023.
- Following the sale, Mr. Bray directly owns 926,001 shares and indirectly owns 234,631 shares through The Jesse K. Bray Living Trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction was pre-planned under a Rule 10b5-1 trading plan. It doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Insider sales are common and can be for various reasons, including diversification or personal financial planning. It's important to consider the context of the sale, such as the existence of a pre-arranged trading plan.
Stakeholder Impact
- The sale could have a minor negative impact on shareholder sentiment, although the pre-arranged nature of the sale mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| June 14, 2023 | Date the Jesse K. Bray Living Trust adopted the Rule 10b5-1 trading plan. |
| July 29, 2024 | Date of the stock sale transaction. |
| July 30, 2024 | Date of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.