Form 4: Texas Instruments Director Exercises Options and Sells Shares
SEC Form 4
Director Robert E. Sanchez exercised stock options and sold shares of Texas Instruments on May 1, 2024.
Summary
- On May 1, 2024, Robert E. Sanchez, a director of Texas Instruments, exercised options to purchase 10,539 shares of common stock at a price of $53.94 per share.
- Following the exercise of these options, Sanchez sold 10,539 shares at a weighted average price of $174.9657, with prices ranging from $174.64 to $175.13.
- After these transactions, Sanchez directly owns 20,461 shares of Texas Instruments common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency into their transactions and holdings.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the volume of shares traded daily.
Key Dates
| Date | Description |
|---|---|
| 01/28/2016 | Option became exercisable in four equal annual installments. |
| 05/01/2024 | Director exercised stock options and sold shares. |
| 01/28/2025 | Expiration date of the NQ Stock Option. |
| 05/03/2024 | Date of signature by Attorney in Fact. |
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