Form 4: Synchronoss Technologies CFO Lou Ferraro Executes Stock Options and Sells Shares
SEC Form 4 Filing
Lou Ferraro, CFO of Synchronoss Technologies, exercised stock options and sold shares for tax planning purposes on September 12, 2024.
Summary
- On September 12, 2024, Lou Ferraro, the Chief Financial Officer of Synchronoss Technologies, exercised stock options to acquire 4,842 shares at $10.71 and 926 shares at $9.90.
- Ferraro then sold 4,842 shares at $13.60 and 926 shares at $13.61.
- These transactions were reported on a Form 4 filing with the SEC.
- The sales were related to year-end tax planning.
- Following these transactions, Ferraro directly owns 83,556 shares of Synchronoss Technologies.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions by an insider, with no inherent positive or negative implications.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This filing indicates the CFO's transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 07/08/2023 | 2,421 shares from a stock option grant became exercisable. |
| 11/02/2023 | Date of stock option grant. |
| 04/26/2024 | An additional 2,421 shares from a stock option grant became exercisable. |
| 09/12/2024 | CFO Lou Ferraro exercised stock options and sold shares. |
| 09/13/2024 | Date of signature on the Form 4 filing. |
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