Form 4: Reliance Inc. CFO Arthur Ajemyan Reports Changes in Beneficial Ownership
SEC Filing
Arthur Ajemyan, SVP and CFO of Reliance Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock, including an adjustment to a previous filing.
Summary
- On March 1, 2024, Arthur Ajemyan, the SVP and CFO of Reliance Inc., reported changes in his beneficial ownership of Reliance Inc. stock.
- The filing includes the acquisition of 1,139 shares of common stock at $0.
- Following the reported transaction, Ajemyan directly owns 18,577 shares of common stock.
- The filing also corrects an error in a previous Form 4 filed on February 21, 2024, regarding the number of shares withheld for tax liabilities, adjusting the amount by 112 shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/21/2024 | Date of original Form 4 filing that contained an error. |
| 03/01/2024 | Date of transaction (stock acquisition). |
| 03/05/2024 | Date of Form 4 filing. |
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