Form 4: Power Solutions International Director Gary S. Winemaster Sells Shares
SEC Form 4 Filing
Gary S. Winemaster, a director at Power Solutions International, sold shares of common stock in two transactions on September 6 and September 9, 2024.
Summary
- Gary S. Winemaster, a director at Power Solutions International, sold 1,000 shares of common stock on September 6, 2024, at a weighted average price ranging from $19.36 to $19.39.
- Following this transaction, Winemaster directly owns 3,206,560 shares.
- On September 9, 2024, Winemaster sold an additional 100 shares at $19.25, reducing his direct ownership to 3,206,460 shares.
- Winemaster also indirectly owns 681 shares through his spouse.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports stock sales by a company director, which is a routine occurrence.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider and doesn't necessarily indicate a broader trend within the power solutions industry.
Stakeholder Impact
- The stock sale by a director could have a minor impact on shareholder confidence, but the volume of shares sold is relatively small compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Gary S. Winemaster sold 1,000 shares of common stock at a weighted average price ranging from $19.36 to $19.39. |
| 09/09/2024 | Gary S. Winemaster sold 100 shares of common stock at $19.25. |
| 09/10/2024 | Date of signature for the Form 4 filing. |
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