Form 4: Neil Gagnon Reports Acquisition of Power Solutions International Shares
SEC Form 4 Filing
Neil Gagnon, a director and 10% owner of Power Solutions International, reports acquiring 5,392 shares of common stock on March 20, 2024.
Summary
- On March 20, 2024, Neil Gagnon acquired 5,392 shares of Power Solutions International common stock at a price of $2 per share.
- Following the transaction, Gagnon directly owns 487,173 shares.
- Gagnon also indirectly owns 298,809 shares through Gagnon Investment Associates, 22,342 shares through Gagnon Securities LLC Profit Sharing Plan, 113,880 shares through a Family Partnership, and 70,180 shares through Darwin Partnership.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing indicating a stock purchase by an insider, which could be seen as a positive signal, but without further context, it's difficult to gauge the overall impact.
Positives
- The acquisition of shares by a director and significant shareholder could be interpreted as a positive signal about the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of transaction: Acquisition of 5,392 shares of common stock. |
| 03/22/2024 | Date of signature on the Form 4 filing. |
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