Form 4: Neogen Corp Director Exercises Restricted Stock Units
SEC Form 4 Filing
Jeffrey D. Capello, a director at Neogen Corp, exercised 2,070 restricted stock units (RSUs) for common stock at a price of $15.07 on October 7, 2024.
Summary
- On October 7, 2024, Jeffrey D. Capello, a director of Neogen Corp, exercised 2,070 Restricted Stock Units (RSUs).
- The RSUs were converted into 2,070 shares of common stock at a price of $15.07 per share.
- Following the transaction, Capello directly owns 4,141 shares of Neogen Corp common stock.
- Capello also owns 2,071 derivative securities.
Sentiment
Score: 5
Explanation: This Form 4 filing is a neutral event. It simply reports the exercise of stock options by a company director, which is a normal part of executive compensation.
Industry Context
This is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 10/07/2024 | Date of transaction: Director exercised 2,070 Restricted Stock Units (RSUs) which vested and were settled for an equal number of shares of common stock. |
| 10/09/2024 | Date of signature on the Form 4 filing. |
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