Form 4: Neogen Corp Director William T Boehm Executes Stock Option, Acquires Shares

Director William T Boehm acquired 1,776 shares of Neogen Corp common stock on October 28, 2024, through the vesting and settlement of restricted stock units.

Summary

• On October 28, 2024, William T Boehm, a director of Neogen Corp, acquired 1,776 shares of common stock.
• The acquisition resulted from the vesting and settlement of restricted stock units (RSUs).
• Each RSU is equivalent to one share of common stock.
• The transaction was executed at a price of $13.81 per share.
• Following the transaction, Boehm directly owns 31,214 shares of Neogen Corp common stock and 3,552 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard transaction disclosure. The vesting of RSUs is generally a positive sign, but it's an expected part of executive compensation.

Positives

• The vesting of RSUs indicates that performance milestones were likely met, which is a positive signal.

Industry Context

This is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it increases the number of shares outstanding by 1,776.

Key Dates