Form 4: National Presto Industries VP-Engineering Reports Share Transfer Due to Divorce
SEC Form 4 Filing
VP-Engineering Jeffery Alan Morgan reports a transfer of National Presto Industries shares to his ex-spouse as part of a domestic relations order.
Summary
- Jeffery Alan Morgan, VP-Engineering at National Presto Industries, filed a Form 4 indicating a change in beneficial ownership of NPK common stock.
- The transaction on March 17, 2025, involved a transfer of 78 shares due to a domestic relations order, at a price of $89.01.
- Additionally, 599 shares held in Mr. Morgan's 401(k) plan were transferred to his ex-spouse.
- Following the transaction, Mr. Morgan directly owns 1,931 shares and indirectly owns shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to a personal matter (divorce), so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors. This specific filing relates to a personal matter (divorce) rather than a strategic corporate action.
Stakeholder Impact
- The share transfer has a minimal impact on shareholders as it is a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of the reporting person's previous ownership report. |
| 03/17/2025 | Date of the share transfer transaction. |
| 03/18/2025 | Date of the signature on the Form 4 filing. |
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