Form 4: Smith & Wesson Director Robert L. Scott Sells 2,000 Shares
SEC Form 4 Filing
Director Robert L. Scott sold 2,000 shares of Smith & Wesson Brands, Inc. (SWBI) common stock on March 20, 2024, at a price of $17.9 per share.
Summary
- Robert L. Scott, a director of Smith & Wesson Brands, Inc., sold 2,000 shares of common stock on March 20, 2024.
- The sale was executed at a price of $17.9 per share.
- Following the transaction, Scott directly owns 71,569 shares of Smith & Wesson Brands, Inc.
- The sale was conducted under a pre-arranged 10b5-1 sales plan established on June 28, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged plan and doesn't necessarily indicate a positive or negative outlook on the company.
Industry Context
Sales by company insiders are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects. It is important to consider the overall trend of insider transactions and the size of the transactions relative to the insider's holdings.
Key Dates
| Date | Description |
|---|---|
| 06/28/2023 | Date of the 10b5-1 Sales Plan |
| 03/20/2024 | Date of the stock sale transaction |
| 03/22/2024 | Date of signature for the Form 4 filing |
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