Form 4: Reliance Inc. Executive VP, COO Stephen Paul Koch Reports Stock Transaction

Reliance Inc.'s Executive VP, COO, Stephen Paul Koch, reported a disposition of 713 shares of common stock on December 1, 2024, due to tax withholding.

Summary

• Stephen Paul Koch, Executive VP and COO of Reliance Inc., filed a Form 4 indicating a transaction involving the company's common stock.
• On December 1, 2024, Mr. Koch disposed of 713 shares of common stock at a price of $321.24 per share.
• This transaction was due to tax withholding related to an unspecified event.
• Following the transaction, Mr. Koch directly owns 6,839 shares of Reliance Inc. common stock.
• He also indirectly owns 747 shares through the Reliance, Inc. Employee Stock Ownership Plan and 1,111 shares through the Reliance, Inc. 401(k) Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock transaction. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, as mandated by the Securities and Exchange Commission (SEC).
• The reporting requirements are consistent across all companies, ensuring transparency in insider trading activities.
• Similar filings are made by executives at companies like Apple, Microsoft, and Amazon when they engage in transactions involving their company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding event for an executive.
• The filing provides transparency to stakeholders regarding insider transactions.

Key Dates

Keywords

Form 4, Reliance Inc., Stephen Paul Koch, stock transaction, insider trading, executive compensation, tax withholding, common stock, employee stock ownership plan, 401k plan