Form 4: Oppenheimer Holdings Inc. Officer Dennis P. McNamara Sells 6,000 Shares of Class A Non-Voting Common Stock
SEC Form 4 Filing
Dennis P. McNamara, Secretary of Oppenheimer Holdings Inc., sold 6,000 shares of Class A non-voting common stock at an average price of $51.279 per share on July 31, 2024.
Summary
- On July 31, 2024, Dennis P. McNamara, Secretary of Oppenheimer Holdings Inc. (OPY), sold 6,000 shares of Class A non-voting common stock.
- The sale was executed at an average price of $51.279 per share.
- Following the transaction, McNamara directly owns 20,681 shares of Class A non-voting common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. It's a routine filing and doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a standard Form 4 filing, which is required when an insider of a publicly traded company buys or sells the company's stock. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The sale of shares by an officer could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of transaction: Dennis P. McNamara sold 6,000 shares of Class A non-voting common stock. |
| 08/01/2024 | Date of signature for the Form 4 filing. |
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