Form 4: Terreno Realty Corp Director Michael A. Coke Reports Stock Sale

Michael A. Coke, President and Director of Terreno Realty Corp, reported selling 7,500 shares of common stock at $68.53 per share on August 9, 2024.

Summary

• Michael A. Coke, President and Director of Terreno Realty Corp, filed a Form 4 on August 13, 2024.
• The form reports a transaction that occurred on August 9, 2024, where Coke sold 7,500 shares of Terreno Realty Corp common stock at a price of $68.53 per share.
• Following the transaction, Coke directly owns 402,164 shares and indirectly owns 160,447 shares through a Rabbi Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a report of a stock sale by an insider, which doesn't inherently indicate positive or negative sentiment. The impact depends on the context and reasons behind the sale.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell the company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The stock sale by a company insider could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price.

Key Dates