Form 4: Tejon Ranch Co. Director Daniel R. Tisch Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Daniel R. Tisch reports acquiring 1,390 shares of Tejon Ranch Co. common stock at $17.55 per share.
Summary
- On October 15, 2024, Daniel R. Tisch, a director and 10% owner of Tejon Ranch Co., acquired 1,390 shares of common stock.
- The shares were purchased at a price of $17.55 per share.
- Following the transaction, Mr. Tisch directly owns 76,992 shares of Tejon Ranch Co. common stock.
- TowerView LLC, of which Mr. Tisch is the General Member, owns 3,845,500 shares.
- DT Four Partners LLC, also controlled by Mr. Tisch, owns 1,087,507 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition by a director. While insider buying can be seen as positive, it's a relatively small transaction in the context of overall ownership.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the actions of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 10/15/2024 | Date of transaction: Daniel R. Tisch acquired 1,390 shares of Tejon Ranch Co. common stock. |
| 10/15/2024 | Date of report: Daniel R. Tisch signed the report. |
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