Form 4: Neogen Corp Director Borel Acquires Shares and Options
SEC Form 4 Filing
Director James C. Borel reports acquisition of restricted stock units and options in Neogen Corp.
Summary
- On October 24, 2024, Director James C. Borel acquired 6,075 restricted stock units (RSUs) of Neogen Corp at a price of $13.58.
- Borel also acquired 18,653 options to buy common stock at an exercise price of $13.58, expiring on 10/24/2031.
- Following these transactions, Borel directly owns 35,397 restricted stock units.
- The options and RSUs vest in equal annual installments over three years from the grant date.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It is common for directors to receive stock options and restricted stock units as part of their compensation.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of transaction: Acquisition of restricted stock units and options. |
| 10/24/2031 | Expiration date of the acquired stock options. |
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