Form 4: NewMarket Corp Director Bruce Gottwald Reports Share Transfers Following GRAT Termination

Director Bruce Gottwald of NewMarket Corp reports the transfer of 163,660 shares from a 2022 GRAT to his direct account and the subsequent transfer of 195,429 shares to the trust's remaindermen after the trust's termination.

Summary

• Bruce Gottwald, a director at NewMarket Corp, reported a transaction involving the transfer of company stock.
• On November 26, 2024, 163,660 shares were transferred from a 2022 Grantor Retained Annuity Trust (GRAT) to Mr. Gottwald's direct account as an annuity payment.
• Following this transfer, the 2022 GRAT was terminated.
• The remaining 195,429 shares held by the GRAT were then transferred to the remaindermen of the trust.
• Mr. Gottwald also indirectly owns 913,339 shares through the 2022 GRAT and 18,731 shares held by his wife.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a share transfer, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company director, which is a common occurrence in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, similar to filings made by directors and officers of other publicly listed companies such as those on the NYSE or NASDAQ.
• The transfer of shares from a GRAT is a common estate planning strategy used by high-net-worth individuals, including corporate executives, and is not unique to NewMarket Corp.

Stakeholder Impact

• The share transfer has a minimal impact on shareholders as it is a transfer of existing shares and does not dilute the stock.

Key Dates

Keywords

NewMarket Corp, Bruce Gottwald, GRAT, share transfer, beneficial ownership, Form 4, director, securities