Form 4: Park Aerospace Corp: Brian Shore Exercises Options and Reports Beneficial Ownership
SEC Form 4 Filing
Brian Shore, Board Chairman & CEO of Park Aerospace Corp, reports exercising options and changes in beneficial ownership of company stock.
Summary
- On February 5, 2025, Brian Shore, the Board Chairman & CEO of Park Aerospace Corp, filed a Form 4.
- The filing reports the exercise of options to acquire 35,000 shares of common stock at a price of $5.23 per share.
- Following the transaction, Shore directly owns 621,369 shares of common stock.
- Shore also indirectly owns shares through various trusts, including the Brian Shore Trust u/w/o Cecile Shore Art VII.A.3 (56,205 shares), Peter Shore Trust u/w/o Cecile Shore Art VII.A.3 (56,205 shares), Robin Shore Trust u/w/o Cecile Shore Art VII.A.3 (56,205 shares), Brian Shore Trust u/w/o Jerry Shore Art VII.A.3 (85,427 shares), Peter Shore Trust u/w/o Jerry Shore Art VII.A.3 (85,427 shares), and Robin Shore Trust u/w/o Jerry Shore Art VII.A.3 (85,427 shares).
- Shore also holds options to purchase additional shares at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing. The exercise of options could be seen as slightly positive, but it's not a major event.
Positives
- The exercise of options by the CEO could be interpreted as a sign of confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction could have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/02/2016 | Date of Right to buy option with exercise price of $12.46 and expiration date of 03/02/2025 |
| 01/12/2017 | Date of Right to buy option with exercise price of $5.23 and expiration date of 01/12/2026 |
| 05/07/2020 | Date of Right to buy option with exercise price of $14.44 and expiration date of 05/07/2029 |
| 04/09/2021 | Date of Right to buy option with exercise price of $11.58 and expiration date of 04/09/2030 |
| 04/02/2022 | Date of Right to buy option with exercise price of $12.8 and expiration date of 04/02/2031 |
| 04/12/2023 | Date of Right to buy option with exercise price of $11.06 and expiration date of 04/12/2032 |
| 05/01/2024 | Date of Right to buy option with exercise price of $13.08 and expiration date of 05/01/2033 |
| 02/05/2025 | Date of transaction: Brian Shore exercised options for 35,000 shares at $5.23. |
| 06/18/2025 | Date of Right to buy option with exercise price of $13.26 and expiration date of 06/18/2034 |
Keywords
Form 4, Beneficial Ownership, Stock Options, Brian Shore, Park Aerospace Corp, PKE, Insider Trading
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