Form 4: Neogen Corp Director James P. Tobin Acquires 3,000 Shares
SEC Form 4
Director James P. Tobin purchased 3,000 shares of Neogen Corp (NEOG) at $16.857 per share on August 6, 2024.
Summary
- On August 6, 2024, James P. Tobin, a director of Neogen Corp, acquired 3,000 shares of common stock.
- The purchase price was $16.857 per share.
- Following the transaction, Tobin directly owns 23,392 shares of Neogen Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but the transaction is relatively small and may not be highly significant.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into a company's prospects. Purchases by insiders are generally viewed more favorably than sales.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders due to the signal of confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 08/06/2024 | Date of transaction: James P. Tobin purchased 3,000 shares of Neogen Corp. |
| 08/07/2024 | Date of signature on the Form 4 filing. |
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