Form 4: Steelcase Executive Allan W. Smith Jr. Reports Stock Transactions
SEC Form 4 Filing
Allan W. Smith Jr., SVP, Pres, Americas and CPO of Steelcase Inc., reported the acquisition and disposal of Class A Common Stock on March 19, 2024.
Summary
- On March 19, 2024, Allan W. Smith Jr., a Senior Vice President, President of Americas, and Chief Product Officer at Steelcase Inc., reported transactions involving Class A Common Stock.
- Smith acquired 18,252 shares of Class A Common Stock.
- He also disposed of 5,357 shares of Class A Common Stock at a price of $12.87.
- Following these transactions, Smith beneficially owns 214,387 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of stock acquisition and disposal transactions. |
| 03/21/2024 | Date of signature on the report. |
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