Form 4: PTC INC. Director Janice Chaffin Sells Shares Under 10b5-1 Plan
SEC Form 4
Director Janice Chaffin sold 4,000 shares of PTC INC. common stock on July 12, 2024, under a pre-established 10b5-1 trading plan.
Summary
- On July 12, 2024, Janice Chaffin, a director of PTC INC., sold 3,002 shares of common stock at a weighted average price of $179.18.
- An additional 998 shares were sold on the same day at a weighted average price of $179.7832.
- The sales were executed under a pre-established 10b5-1(c) trading plan adopted on March 1, 2024.
- Following these transactions, Chaffin directly owns 48,137 shares of PTC INC. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock sales by a company director under a pre-established plan. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Sales by company directors are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares without being accused of trading on non-public information.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of adoption of the 10b5-1(c) trading plan. |
| 07/12/2024 | Date of the stock sale transactions. |
| 07/15/2024 | Date of signature for the Form 4 filing. |
| 08/15/2013 | Date of power of attorney filing. |
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