Form 4: NVE Corp Director Terrence Glarner Executes Stock Option and Sells Shares
SEC Form 4
Director Terrence Glarner exercised stock options and sold shares of NVE Corp on August 13th and 15th, 2024.
Summary
- Terrence Glarner, a director of NVE Corp, executed a non-qualified stock option on August 13, 2024, acquiring 1,000 shares of common stock at an exercise price of $52.32.
- Glarner then sold 344 shares of common stock on August 15, 2024, at a price of $78.71 per share.
- Following these transactions, Glarner directly owns 1,200 shares of NVE Corp common stock and 6,000 derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard Form 4 filing detailing stock transactions by a company director.
Industry Context
This is a routine disclosure of insider trading activity. It's important to monitor such filings to understand management's perspective on the company's value.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although it's a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 08/04/2022 | Date the Non-Qualified Stock Option was granted. |
| 08/13/2024 | Director exercised non-qualified stock option. |
| 08/15/2024 | Director sold shares of common stock. |
| 08/04/2032 | Expiration date of the Non-Qualified Stock Option. |
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