Form 4: NewMarket Corp Executive Gottwald Reports Share Transactions
SEC Form 4 Filing
Thomas E. Gottwald, Chairman, President & CEO of NewMarket Corp, reported multiple transactions involving company stock, primarily related to the transfer of shares to trusts for his grandchildren.
Summary
- Thomas E. Gottwald, Chairman, President & CEO of NewMarket Corp, filed a Form 4 detailing changes in his beneficial ownership of company stock.
- The transactions primarily involve the transfer of shares to various trusts established for his grandchildren.
- A total of 1,425 shares were disposed of directly by Mr. Gottwald, while 750 shares were acquired across ten different trusts for his grandchildren.
- The transactions were all reported at a price of $0, indicating they were likely gifts or transfers rather than market purchases or sales.
- Mr. Gottwald also indirectly holds shares through his wife, as co-trustee, and through a savings plan.
- The report also includes details of indirect holdings through a 2022 GRAT and other trusts.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral disclosure of transactions.
Industry Context
This filing is a routine disclosure of insider transactions and is typical for publicly traded companies. It provides transparency into the ownership changes of company stock by its executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
- The transactions reported are consistent with typical executive share transfers for estate planning or gifting purposes.
- Similar filings are made by executives at companies like Lubrizol, Chevron Phillips Chemical, and other specialty chemical manufacturers.
Stakeholder Impact
- The transactions do not have a direct impact on shareholders, employees, customers, suppliers, or creditors as they are internal transfers of shares.
Key Dates
| Date | Description |
|---|---|
| 11/28/2023 | Date of Power of Attorney execution. |
| 01/21/2025 | Date of the reported share transactions. |
| 01/22/2025 | Date of the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, NewMarket Corp, Thomas E. Gottwald, Share Transactions, Trusts, SEC Filing, NEU
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