Form 4: Texas Instruments Director Patsley Exercises Options and Sells Shares
SEC Form 4 Filing
Director Pamela Patsley exercised stock options and sold shares of Texas Instruments on April 29, 2024.
Summary
- On April 29, 2024, Pamela Patsley, a director of Texas Instruments, exercised non-qualified stock options to acquire 9,990 shares of common stock at a price of $52.93 per share.
- Simultaneously, Patsley sold 9,990 shares of common stock at a weighted average price of $179.1191, with prices ranging from $179.09 to $179.20.
- Following these transactions, Patsley directly owns 33,348 shares of Texas Instruments common stock.
- Patsley also continues to hold options to purchase 0 shares of Texas Instruments common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions by a company director. There's no indication of positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common among corporate executives and directors. It provides transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 01/29/2017 | Date the NQ Stock Option became exercisable in four equal annual installments |
| 01/29/2026 | Expiration date of the NQ Stock Option |
| 04/29/2024 | Date of transaction: exercise of stock options and sale of shares |
| 05/01/2024 | Date of signature for the Form 4 filing |
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