Form 4: STRATTEC SECURITY CORP Director Tina M. Chang Acquires 500 Shares
SEC Form 4 Filing
Director Tina M. Chang purchased 500 shares of STRATTEC SECURITY CORP common stock at an average price of $25.96 on March 1, 2024.
Summary
- On March 1, 2024, Tina M. Chang, a director of STRATTEC SECURITY CORP, acquired 500 shares of common stock.
- The purchase price was $25.96 per share, resulting in a total transaction value of $12,980.
- Following the transaction, Ms. Chang directly owns 4,250 shares of STRATTEC SECURITY CORP.
- The purchase was executed under Transaction Code 'P', indicating an open market or private purchase.
- Ms. Chang has granted power of attorney to Dennis Bowe, J. Bret Treier, and Bridget Brenner-Pacey to execute and file SEC forms on her behalf.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider transaction, which is neither inherently positive nor negative. The sentiment is neutral.
Positives
- Director's purchase of company stock may signal confidence in the company's future prospects.
Industry Context
Insider transactions are closely monitored as they can provide insights into a company's performance and management's confidence.
Stakeholder Impact
- The transaction may influence investor perception of the company.
Key Dates
| Date | Description |
|---|---|
| 2024-02-23 | Date of Power of Attorney execution by Tina M. Chang. |
| 2024-03-01 | Date of the transaction where Tina M. Chang purchased 500 shares of STRATTEC SECURITY CORP stock. |
| 2024-03-05 | Date of the Form 4 filing. |
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