Form 4: Quest Diagnostics Executive Michael Deppe Executes Stock Options and Sells Shares
SEC Form 4
Michael J. Deppe, SVP, Corp. Controller & CAO of Quest Diagnostics, exercised stock options and sold shares of common stock on November 6, 2024, according to a Form 4 filing with the SEC.
Summary
- On November 6, 2024, Michael J. Deppe, a senior executive at Quest Diagnostics, exercised non-qualified stock options to acquire 8,635 shares at $71.17 and 10,120 shares at $66.51.
- Concurrently, Deppe sold a total of 18,655 shares of Quest Diagnostics common stock at prices ranging from $152.40 to $155.225 per share.
- Following these transactions, Deppe directly owns 34,941 shares and indirectly owns 691 shares through a 401(k) plan.
- The transactions were executed under a pre-arranged Rule 10b5-1 sales plan.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock option exercises and sales, and doesn't inherently indicate positive or negative sentiment. The transactions were pre-planned under a 10b5-1 plan.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's value and future prospects.
Key Dates
| Date | Description |
|---|---|
| 02/23/2016 | First vesting date of options exercised on 11/06/2024 at $71.17. |
| 02/23/2017 | Second vesting date of options exercised on 11/06/2024 at $71.17. |
| 02/23/2018 | Final vesting date of options exercised on 11/06/2024 at $71.17. |
| 02/25/2018 | Second vesting date of options exercised on 11/06/2024 at $66.51. |
| 02/25/2019 | Final vesting date of options exercised on 11/06/2024 at $66.51. |
| 02/23/2025 | Expiration date of options exercised on 11/06/2024 at $71.17. |
| 02/25/2026 | Expiration date of options exercised on 11/06/2024 at $66.51. |
| 11/06/2024 | Date of stock option exercise and sale of shares. |
| 11/07/2024 | Date of signature on the Form 4 filing. |
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