Form 4: MSA Safety Inc. CEO Nishan J. Vartanian Reports Stock Sale
SEC Form 4 Filing
Nishan J. Vartanian, CEO and Chairman of MSA Safety Inc., reported the sale of 6,055 shares of common stock at $188 per share on July 30, 2024.
Summary
- On July 30, 2024, Nishan J. Vartanian, CEO and Chairman of MSA Safety Inc., sold 6,055 shares of common stock at a price of $188 per share.
- Following the transaction, Vartanian directly owns 35,898 shares of MSA Safety Inc.
- Vartanian also indirectly owns 1,190 shares through his wife.
- Additionally, 14,847 shares were forfeited on June 11, 2024, due to Vartanian's retirement and the company's retirement policy regarding stock awards.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by the CEO. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale itself doesn't necessarily indicate a negative outlook, as executives may sell shares for various personal financial reasons.
Stakeholder Impact
- The stock sale by the CEO could potentially influence investor sentiment, although it is a relatively small transaction compared to the overall market capitalization of MSA Safety Inc.
Key Dates
| Date | Description |
|---|---|
| 06/11/2024 | 14,847 shares were forfeited due to retirement and company policy. |
| 07/30/2024 | Nishan J. Vartanian sold 6,055 shares of common stock at $188 per share. |
| 07/31/2024 | Date of signature by Richard W. Roda, Attorney in Fact. |
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