Form 4: Neogen Corp Director Borel Exercises Restricted Stock Units
SEC Form 4 Filing
Director James C. Borel exercised restricted stock units (RSUs) of Neogen Corp on October 28, 2024, resulting in the acquisition of 1,776 shares of common stock.
Summary
- On October 28, 2024, James C. Borel, a director of Neogen Corp, exercised 1,776 restricted stock units (RSUs).
- The RSUs vested and were settled for an equal number of shares of common stock at a price of $13.81.
- Following the transaction, Borel directly owns 25,474 shares of Neogen Corp common stock and 3,552 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider trading. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors and officers.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 10/28/2024 | Date of transaction: Exercise of restricted stock units and vesting of RSUs. |
| 10/29/2024 | Date of signature on the Form 4 filing. |
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