Form 4: Sturm, Ruger & Co. Executive Exercises Stock Options, Reports Transactions
SEC Form 4 Filing
Senior VP of Operations, Thomas Patrick Sullivan, reports transactions involving Sturm, Ruger & Co. common stock and restricted stock units.
Summary
- On February 24, 2024, Thomas Patrick Sullivan, Senior VP of Operations at Sturm, Ruger & Co., executed transactions involving common stock and restricted stock units.
- Sullivan exercised 4,118 cash-settled restricted stock units, which vested on the third anniversary of the grant date, February 24, 2021.
- The exercise price was $43.13 per share.
- Following these transactions, Sullivan directly owns 21,551 shares of common stock and 9,610 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/24/2021 | Reporting person was granted 4,118 cash-settled restricted stock units |
| 02/24/2024 | Date of transactions: exercise of restricted stock units and related stock transactions. |
| 02/27/2024 | Date of report filing. |
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