Form 4: Mueller Industries Director Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Director Gary S. Gladstein exercised stock options and disposed of shares of Mueller Industries Inc. on April 26 and April 29, 2024.
Summary
- On April 26, 2024, Gary S. Gladstein, a director of Mueller Industries Inc., disposed of 4,250 shares of common stock at a price of $58.58 per share.
- On April 29, 2024, Gladstein exercised stock options to acquire 9,778 shares of common stock at an exercise price of $11.755 per share.
- Following these transactions, Gladstein directly owns 11,378 shares and indirectly owns 292,206 shares through a trust where he serves as beneficiary.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and expected. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/01/2014 | Original date exercisable for stock options |
| 04/26/2024 | Disposition of 4,250 shares of common stock |
| 04/29/2024 | Exercise of 9,778 stock options |
| 04/29/2024 | Date of signature by Attorney-in-Fact |
| 05/01/2024 | Expiration date for stock options |
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