Form 4: Sanfilippo John B & Son Inc. Executive Pellegrino Frank S. Reports Stock Disposal
SEC Form 4 Filing
Frank S. Pellegrino, CFO & EVP of Finance and Administration at Sanfilippo John B & Son Inc., reported the disposal of 694 shares of common stock to cover tax obligations.
Summary
- On November 10, 2024, Frank S. Pellegrino, CFO & EVP of Finance and Administration at Sanfilippo John B & Son Inc. (JBSS), reported a transaction involving the disposal of 694 shares of common stock.
- The shares were disposed of at a price of $86.29 per share.
- Following the transaction, Pellegrino directly owns 24,410 shares of Sanfilippo John B & Son Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a stock disposal, likely for tax purposes, which is a routine transaction.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This allows investors to monitor the actions of key personnel and their potential impact on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 11/10/2024 | Date of stock disposal transaction |
| 11/12/2024 | Date of Form 4 filing |
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