Form 4: STRATTEC Security Corp Executive Sells Shares
SEC Form 4 Filing
Richard P. Messina, VP & Chief Technical Officer of STRATTEC Security Corp, sold 1,270 shares of common stock at $38.78 per share on August 16, 2024.
Summary
- Richard P. Messina, a VP & Chief Technical Officer at STRATTEC Security Corporation, reported a transaction involving the company's common stock.
- On August 16, 2024, Messina sold 1,270 shares at a price of $38.78 per share.
- Following the transaction, Messina directly owns 11,930 shares of STRATTEC Security Corp.
- The transaction was reported on August 19, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares doesn't necessarily indicate a negative outlook, as it could be for personal financial reasons.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by an executive could have a minor psychological impact on shareholders, but the transaction is unlikely to have a significant material impact.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of transaction: Richard P. Messina sold 1,270 shares of STRATTEC Security Corp stock. |
| 08/19/2024 | Date of report: The Form 4 was filed on this date. |
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