Form 4: Reliance Inc. Director James Donald Hoffman Sells Shares
SEC Form 4 Filing
Director James Donald Hoffman reports selling shares of Reliance Inc. common stock on May 10, 2024.
Summary
- James Donald Hoffman, a director of Reliance Inc., reported the sale of common stock on May 10, 2024.
- The sales were executed in multiple transactions at weighted average prices of $294.05, $294.93, and $295.74.
- A total of 5,000 shares were sold.
- Following the reported transactions, Hoffman directly owns 61,754 shares and indirectly owns 34,042 shares through Hoff Holdings Limited Partnership.
- Hoffman disclaims beneficial ownership of the shares held by Hoff Holdings except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting the sale of shares by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. The information is used by investors to understand the actions of company insiders.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold compared to the total outstanding.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of the stock sale transactions |
| 05/13/2024 | Date of signature on the Form 4 filing |
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