Form 4: Taylor Devices CFO Acquires 7,000 Stock Options
SEC Form 4 Filing
Paul Murray Heary, CFO of Taylor Devices Inc., reports the acquisition of 7,000 stock options on April 18, 2024.
Summary
- On April 18, 2024, Paul Murray Heary, the Chief Financial Officer of Taylor Devices Inc. (TAYD), acquired 7,000 stock options.
- The options have an exercise price of $46.9926.
- The options are exercisable from April 18, 2024, and expire on April 18, 2034.
- Following the transaction, Mr. Heary directly owns 7,000 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock option acquisition by a company executive. It doesn't inherently indicate positive or negative performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.
Stakeholder Impact
- The acquisition of stock options by the CFO could be viewed positively by shareholders as it aligns the executive's interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date of earliest transaction: CFO acquired 7,000 stock options. |
| 04/18/2024 | Date the stock options are exercisable. |
| 04/18/2034 | Expiration date of the stock options. |
| 04/19/2024 | Date of signature on the Form 4 filing. |
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