Form 4: A. O. Smith SVP Exercises Stock Options and Sells Shares
SEC Form 4
Samuel M. Carver, SVP Global Operations at A. O. Smith Corporation, exercised employee stock options and sold shares of common stock on August 7, 2024.
Summary
- On August 7, 2024, Samuel M. Carver, SVP Global Operations at A. O. Smith Corporation, exercised employee stock options to acquire common stock.
- He exercised options at prices of $30.765, $31.67, and $50.16, acquiring 5,240, 5,710, and 3,755 shares respectively.
- Concurrently, Carver sold 14,705 shares of common stock at a weighted average price of $81.0028, with prices ranging from $80.98 to $81.11.
- Following these transactions, Carver directly owns 2,399 shares of A. O. Smith common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently suggest positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend within the industry. It reflects the individual financial decisions of a company executive.
Stakeholder Impact
- The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| 02/09/2015 | Employee stock options granted under the A. O. Smith Combined Incentive Compensation Plan. |
| 02/09/2016 | Employee stock options granted on 02/09/2015 became exercisable in three annual installments. |
| 02/08/2016 | Employee stock options granted under the A. O. Smith Combined Incentive Compensation Plan. |
| 02/10/2017 | Employee stock options granted on 02/08/2016 became exercisable in three annual installments. |
| 02/13/2017 | Employee stock options granted under the A. O. Smith Combined Incentive Compensation Plan. |
| 02/13/2018 | Employee stock options granted on 02/13/2017 became exercisable in three annual installments. |
| 08/07/2024 | Samuel M. Carver exercised stock options and sold shares of common stock. |
| 08/08/2024 | Date of Form 4 filing. |
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