Form 4: Nortech Systems Director Sen Acquires 3,255 Shares of Common Stock
SEC Form 4 Filing
Director Debarati Sen acquired 3,255 shares of Nortech Systems Inc. common stock on May 20, 2024, at a price of $11.06 per share.
Summary
- Debarati Sen, a director of Nortech Systems Inc. (NSYS), reported a transaction on May 20, 2024.
- Sen acquired 3,255 shares of common stock at a price of $11.06 per share.
- These shares were acquired through the grant of 3,255 Restricted Stock Units (RSUs) which vest on May 1, 2025.
- Following the transaction, Sen directly owns 3,255 shares of Nortech Systems Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it simply reports a transaction. The acquisition of shares by a director is generally viewed as a slightly positive sign, but it's not a major event.
Positives
- The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This is a standard disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of transaction: Acquisition of 3,255 shares of common stock. |
| 05/01/2025 | Vesting date for the 3,255 Restricted Stock Units. |
| 07/12/2024 | Date of signature on the report. |
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