Form 4: Radiant Logistics CFO Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Todd Macomber, CFO of Radiant Logistics, exercised stock options and disposed of shares to cover tax obligations.
Summary
- On September 11, 2024, Todd Macomber, the Chief Financial Officer of Radiant Logistics, Inc. (RLGT), exercised stock options to acquire 2,070 shares of common stock at a price of $3.29 per share.
- On the same day, Macomber disposed of 1,302 shares of common stock at a price of $6.34 per share to satisfy tax obligations related to the option exercise.
- Following these transactions, Macomber directly owns 198,522 shares of Radiant Logistics common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a relatively small number of shares.
Key Dates
| Date | Description |
|---|---|
| 09/23/2015 | First installment of stock options became exercisable |
| 09/23/2019 | Stock options fully exercisable |
| 09/11/2024 | CFO exercised stock options and disposed of shares |
| 09/13/2024 | Date of signature on the Form 4 filing |
| 09/22/2024 | Expiration date of the stock options |
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