Form 4: Standex International Director Transfers Shares to Family Trust
SEC Form 4 Filing
Charles H. Cannon Jr., a director at Standex International, transferred shares of common stock to the Cannon Family Trust on March 13, 2024.
Summary
- On March 13, 2024, Charles H. Cannon Jr., a director of Standex International Corporation, transferred 4,121 shares of common stock he directly owned into the Cannon Family Trust.
- The transfer was a gift, with a price of $0 per share.
- Following the transaction, Mr. Cannon directly owns 3,322 shares and indirectly owns 17,872 shares through the trust.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a share transfer. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the company's outlook or performance. It is common for executives and directors to manage their holdings for personal financial planning purposes.
Stakeholder Impact
- The transfer of shares is unlikely to have a direct impact on Standex International's stakeholders.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of the share transfer to the Cannon Family Trust |
| 03/15/2024 | Date of signature on the Form 4 filing |
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