Form 4: Nike Executive Johanna Nielsen Reports Stock Sale Under 10b5-1 Plan

Johanna Nielsen, VP: CORP CONTROLLER at NIKE, Inc., reported the sale of 282 shares of Class B Common Stock at $93.64 per share on May 9, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 9, 2024, Johanna Nielsen, VP: CORP CONTROLLER at NIKE, Inc., reported a transaction involving Class B Common Stock.
• The transaction involved the sale of 282 shares at a price of $93.64 per share.
• This sale was executed under a 10b5-1 trading plan adopted on February 7, 2024.
• Following the reported transaction, Nielsen beneficially owns 729.5692 shares directly.
• Nielsen also indirectly owns 248 shares through a Retirement Plan.
• The filing also includes a Power of Attorney, effective September 27, 2022, granting Mary I. Hunter and Kelsey A. Baldwin the authority to prepare and execute Section 16 reports on Nielsen's behalf.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Positives

• The transaction was executed under a pre-arranged 10b5-1 trading plan, indicating a planned and transparent approach to stock sales.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure related to insider trading regulations. It provides transparency into the stock transactions of company executives, which is a standard practice in publicly traded companies like Nike. Investors monitor these filings to gain insights into management's perspective on the company's stock and financial health.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The use of 10b5-1 trading plans is a common method for corporate insiders to sell company stock while avoiding accusations of insider trading.
• Comparable companies such as Adidas and Under Armour also have executives who regularly file Form 4s to report their transactions.

Stakeholder Impact

• The stock sale by an executive could have a minor impact on shareholder sentiment, but the use of a 10b5-1 trading plan mitigates concerns about insider trading.

Key Dates