Form 4: PTC INC. Director Janice Chaffin Sells 4,000 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Janice Chaffin sold 4,000 shares of PTC INC. common stock at an average price of $168.7483 on September 12, 2024, under a pre-established 10b5-1 trading plan.
Summary
- On September 12, 2024, Janice Chaffin, a director of PTC INC., sold 4,000 shares of common stock.
- The sale was executed at an average price of $168.7483 per share.
- The transaction was conducted under a pre-established 10b5-1(c) trading plan adopted on March 1, 2024.
- Following the transaction, Chaffin directly owns 40,137 shares of PTC INC. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a pre-planned stock sale by a director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of adoption of the 10b5-1(c) trading plan. |
| 09/11/2024 | Power of attorney filed by Sean McGrath. |
| 09/12/2024 | Date of the transaction (stock sale). |
| 09/13/2024 | Date of signature. |
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