Form 4: National Research Corp CEO Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
National Research Corp's CEO, Michael D. Hays, exercised stock options and disposed of shares on January 2, 2025.
Summary
- Michael D. Hays, CEO and President of National Research Corp, executed a transaction involving company stock on January 2, 2025.
- He exercised options to acquire 10,014 shares of common stock at a price of $13.17 per share.
- Following the exercise of options, Mr. Hays disposed of 11,009 shares of common stock.
- After these transactions, Mr. Hays directly owns 0 shares and indirectly owns 76,095 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, which is neither positive nor negative in itself.
Industry Context
This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for all publicly traded companies in the US, ensuring transparency of insider trading.
- The transactions are typical for executives who receive stock options as part of their compensation.
Stakeholder Impact
- The transactions may have a minor impact on the stock price due to the disposal of shares, but this is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 01/06/2020 | Date the employee stock options became exercisable. |
| 01/02/2025 | Date of the stock option exercise and share disposal. |
| 01/06/2025 | Expiration date of the employee stock options. |
Keywords
stock options, insider trading, Form 4, National Research Corp, equity securities, CEO, Michael D. Hays
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