Form 4: Richardson Electronics EVP Kathleen McNally Reports Stock Transactions
SEC Form 4 Filing
Kathleen McNally, EVP of Global Supply Chain at Richardson Electronics, reports the acquisition and disposal of company stock and derivative securities on July 31, 2024.
Summary
- Kathleen McNally, EVP of Global Supply Chain at Richardson Electronics, filed a Form 4 detailing changes in beneficial ownership.
- On July 31, 2024, McNally acquired 7,500 shares of common stock at $9.89 and 440 shares at $5.98 through option exercises.
- On the same day, she disposed of 7,940 shares of common stock at $12.
- Following these transactions, McNally directly owns 42,071 shares of Richardson Electronics common stock.
- She also reports ownership of employee stock options.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's investment activities in their own company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 10/06/2015 | Start date for 20% annual vesting of employee stock options (Right to Buy) at $9.89. |
| 10/05/2016 | Start date for 20% annual vesting of employee stock options (Right to Buy) at $5.98. |
| 07/31/2024 | Date of stock acquisition and disposal transactions. |
| 08/02/2024 | Date of signature on the Form 4 filing. |
| 10/06/2024 | Expiration date for Employee Stock Option (Right to Buy) at $9.89. |
| 10/05/2025 | Expiration date for Employee Stock Option (Right to Buy) at $5.98. |
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