Form 4: Taylor Devices Director Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Director Robert Michael Carey exercised stock options and disposed of shares of Taylor Devices, Inc. on October 28, 2024.
Summary
- On October 28, 2024, Robert Michael Carey, a director of Taylor Devices, Inc., executed transactions involving the company's common stock.
- Carey exercised stock options to acquire 5,000 shares at $11.95 and 5,000 shares at $9.525.
- Following these acquisitions, Carey disposed of 10,000 shares.
- Carey also disposed of 2,279 shares for $47.115.
- After these transactions, Carey beneficially owns 12,721 shares of common stock directly.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like directors and officers, trade their company's stock. These filings provide transparency into the transactions of those with privileged information.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 04/22/2021 | Date exercisable for stock options with an exercise price of $11.95 |
| 04/18/2022 | Date exercisable for stock options with an exercise price of $9.525 |
| 10/28/2024 | Date of transaction: exercise of stock options and disposal of shares |
| 04/22/2031 | Expiration date for stock options with an exercise price of $11.95 |
| 04/18/2032 | Expiration date for stock options with an exercise price of $9.525 |
| 10/29/2024 | Date of signature for the Form 4 filing |
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