Form 4: Northern Technologies International Corp: Executive Exercised Stock Options and Disposed of Shares
SEC Form 4 Filing
G. Patrick Lynch, President and CEO of Northern Technologies International Corp, exercised stock options and disposed of shares on August 26, 2024.
Summary
- On August 26, 2024, G. Patrick Lynch, President and CEO of Northern Technologies International Corp, exercised stock options to acquire 10,488 shares of common stock at a price of $10.05 per share.
- Simultaneously, Lynch disposed of 7,710 shares of common stock at a price of $13.67 per share.
- Following these transactions, Lynch directly owns 105,284 shares and indirectly owns 1,203,334 shares through Inter Alia Holding Company.
- The stock option exercised had an exercise price of $10.05 and an expiration date of August 31, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 08/26/2024 | Date of stock option exercise and share disposal. |
| 08/31/2024 | Expiration date of the stock option. |
| 08/29/2024 | Date of signature on the Form 4 filing. |
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