Form 4: Ross Stores Executive Brian Morrow Reports Stock Disposal
SEC Form 4 Filing
Brian R. Morrow, President and CMO of DD's Discounts at Ross Stores, Inc., reported the disposal of 1,381 shares of common stock on March 12, 2024.
Summary
- On March 12, 2024, Brian R. Morrow, President and CMO of DD's Discounts at Ross Stores, Inc., disposed of 1,381 shares of common stock.
- The transaction was executed at a price of $146.49 per share.
- Following the transaction, Morrow directly owns 65,762 shares of Ross Stores, Inc. common stock.
- These holdings include 55 shares acquired on 9/29/2023 and 55 shares acquired on 12/29/2023 pursuant to issuer's employee stock purchase plan in a transaction exempt under Rule 16b-3.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 09/29/2023 | 55 shares acquired pursuant to issuer's employee stock purchase plan. |
| 12/29/2023 | 55 shares acquired pursuant to issuer's employee stock purchase plan. |
| 03/12/2024 | Date of the transaction where 1,381 shares of common stock were disposed of. |
| 03/14/2024 | Date of signature for the Form 4 filing. |
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