Form 4: NewMarket Corp Executive Bruce Hazelgrove Sells Shares
SEC Form 4 Filing
Bruce Hazelgrove, EVP & CAO of NewMarket Corp, reports the sale of company stock and updates to beneficial ownership.
Summary
- Bruce Hazelgrove, EVP & CAO of NewMarket Corp, filed a Form 4 detailing changes in beneficial ownership.
- On August 9, 2024, Hazelgrove sold 1,237 shares of common stock at a weighted average price of $544.28 and 33 shares at a weighted average price of $545.36.
- Following these transactions, Hazelgrove directly owns 358 shares of common stock.
- Hazelgrove also indirectly owns 21,799.98 shares through the NewMarket Savings Plan and 670 shares held by his wife.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders buy or sell their company's stock. They provide transparency into the transactions of individuals with access to non-public information.
Stakeholder Impact
- The stock sale by an executive could be perceived negatively by some shareholders, although it is a relatively small transaction.
- The filing ensures transparency for all stakeholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 2023-11-17 | Date of Power of Attorney execution. |
| 2024-08-09 | Date of stock sale transactions. |
| 2024-08-13 | Date of Form 4 filing. |
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