Form 4: Reliance Inc. Executive VP, COO Stephen Paul Koch Sells Shares
SEC Form 4
Stephen Paul Koch, Executive VP and COO of Reliance Inc., sold shares of common stock on May 31, 2024.
Summary
- On May 31, 2024, Stephen Paul Koch, the Executive VP and COO of Reliance Inc., sold shares of the company's common stock.
- The sales were executed in multiple transactions at varying prices.
- Following the reported transactions, Koch directly owns 7,552 shares of Reliance Inc. common stock.
- Koch also indirectly owns 747 shares held by the Trustee of Reliance, Inc. Employee Stock Ownership Plan and 1,104 shares held by the Trustee of Reliance, Inc. 401(k) Plan.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock sales by an executive. The sentiment is neither positive nor negative without additional context.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on the overall market perception of the transaction.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of stock sale transactions |
| 06/03/2024 | Date of Form 4 filing |
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