Form 4: NewMarket Corp Chairman Sells Shares in Recent Transactions

Thomas E. Gottwald, Chairman, President & CEO of NewMarket Corp, reports selling shares of common stock in a series of transactions on March 4, 2024.

Summary

• Thomas E. Gottwald, Chairman, President & CEO of NewMarket Corp, filed a Form 4 disclosing changes in beneficial ownership of the company's stock.
• On March 4, 2024, Gottwald sold a total of 4,884 shares of common stock in multiple transactions.
• The sales were executed at weighted average prices ranging from $645.23 to $650.01 per share.
• Following these transactions, Gottwald directly owns 156,785 shares of NewMarket Corp.
• Gottwald also indirectly owns shares through his wife, as trustee for grandchildren, as co-trustee, and through the NewMarket Savings Plan.
• The filing includes a Power of Attorney granted on November 28, 2023, authorizing Anne-Marie M. Anderson and Bryce D. Jewett, III to execute and file Forms 3, 4, and 5 on Gottwald's behalf.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by an insider. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sales in various ways.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• Shareholders may react to the insider selling, potentially impacting the stock price.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates