Form 4: Ross Stores Executive Chairman Michael Balmuth Sells Shares Under 10b5-1 Plan
SEC Filing
Michael Balmuth, Executive Chairman of Ross Stores, Inc., sold 14,887 shares of common stock on September 5, 2024, under a pre-established 10b5-1 trading plan.
Summary
- On September 5, 2024, Michael Balmuth, the Executive Chairman of Ross Stores, Inc., sold 14,887 shares of the company's common stock.
- The sale was executed under a pre-established 10b5-1 trading plan that was put in place on April 12, 2024.
- The shares were sold at a weighted average price of $152.2179, with individual transaction prices ranging from $150.61 to $153.27.
- Following the transaction, Balmuth directly owns 11,133 shares of Ross Stores, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a share sale under a pre-established plan, indicating a neutral sentiment.
Industry Context
Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on insider information.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| April 12, 2024 | Date the 10b5-1 trading plan was entered into. |
| September 5, 2024 | Date of the transaction (sale of shares). |
| September 9, 2024 | Date of the Form 4 filing. |
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