Form 4: SEI Investments Executive Chairman Alfred P. West, Jr. Sells 140,000 Shares
SEC Form 4 Filing
Alfred P. West, Jr., Executive Chairman of SEI Investments Co, sold 140,000 shares of common stock in two transactions on May 9th and 10th, 2024.
Summary
- Alfred P. West, Jr., the Executive Chairman of SEI Investments Co, reported the sale of 140,000 shares of common stock.
- The sales occurred in two transactions on May 9th and May 10th, 2024.
- On May 9th, 70,000 shares were sold at a weighted average price of $68.62.
- On May 10th, another 70,000 shares were sold at a weighted average price of $68.6.
- Following these transactions, West directly owns 7,725,471 shares of SEI Investments Co.
- The filing also includes a power of attorney document, granting certain individuals the authority to execute SEC filings on West's behalf.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reporting stock sales by an executive. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sale as slightly negative.
Industry Context
Executive stock sales are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's future prospects. However, they can also be related to personal financial planning.
Stakeholder Impact
- Shareholders may react to the news of the stock sale, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 2023-11-17 | Date of Power of Attorney execution. |
| 2024-05-09 | Date of first stock sale transaction. |
| 2024-05-10 | Date of second stock sale transaction. |
| 2024-05-13 | Date of Form 4 filing. |
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