Form 4: NAPCO Security Technologies Director Exercises Stock Options and Sells Shares
SEC Form 4
Paul Stephen Beeber, a director at NAPCO Security Technologies, exercised stock options and sold shares to cover the exercise price.
Summary
- On May 8, 2024, Paul Stephen Beeber, a director of NAPCO Security Technologies, exercised employee stock options.
- He exercised options to purchase 1,500 shares at $11.675 and another 1,500 shares at $22.93.
- Beeber then sold 394 shares at $44.45 to cover the exercise price of the first set of options.
- He also sold 774 shares at $44.45 to cover the exercise price of the second set of options.
- Following these transactions, Beeber directly owns 3,400 shares of common stock and 4,000 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure of insider transactions, which are common and expected. It provides transparency into the actions of company leadership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased number of shares sold on the open market.
Key Dates
| Date | Description |
|---|---|
| 02/12/2020 | Date from which Employee Stock Option (Right to Buy) at $11.675 is exercisable. |
| 10/21/2021 | Date from which Employee Stock Option (Right to Buy) at $22.93 is exercisable, cumulatively at 20% per year. |
| 08/25/2022 | Date from which Employee Stock Option (Right to Buy) at $26.94 is exercisable, cumulatively at 20% per year. |
| 05/08/2024 | Date of transaction: Director exercised stock options and sold shares. |
| 05/16/2024 | Date of Form 4 filing. |
| 02/12/2030 | Expiration date of Employee Stock Option (Right to Buy) at $11.675. |
| 10/21/2031 | Expiration date of Employee Stock Option (Right to Buy) at $22.93. |
| 08/25/2032 | Expiration date of Employee Stock Option (Right to Buy) at $26.94. |
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