Form 4: Steelcase Director Jennifer C. Niemann Reports Changes in Beneficial Ownership

Jennifer C. Niemann, a director at Steelcase Inc., filed a Form 4 disclosing changes in her beneficial ownership of the company's stock due to a gift transaction on October 22, 2024.

Summary

• On October 22, 2024, Jennifer C. Niemann, a director of Steelcase Inc., reported changes in her beneficial ownership of the company's stock.
• The changes involve a gift transaction (Transaction Code G) related to Class B Common Stock, which is convertible to Class A Common Stock on a 1-for-1 basis.
• Ms. Niemann directly owns 436,861 shares of Class A Common Stock after the reported transactions.
• She also has indirect ownership through her spouse (5,703 shares), trusts for family members where her spouse is the trustee (104,384 shares), trusts where she is the trustee (72,430 shares), and CRASTECOM B Limited Partnership (1,459,753 shares).
• Ms. Niemann disclaims beneficial ownership of shares held by CRASTECOM except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of company directors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a company director.

Key Dates