Form 4: Tootsie Roll Industries CEO Ellen Gordon Reports Share Disposals and Holdings
SEC Form 4 Filing
Tootsie Roll Industries CEO Ellen Gordon reported the disposal of 20,517 common shares and detailed her direct and indirect holdings in the company.
Summary
- Ellen Gordon, CEO of Tootsie Roll Industries, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- She disposed of 20,517 common shares at a price of $0, which is likely a transfer or gift.
- Following the transaction, Ms. Gordon directly owns 13,475,338 common shares and indirectly owns 4,783,925 shares through a family trust, 104,673 shares through the TRI Stock Trust, and 1,391,706 shares through a charitable foundation.
- She also holds 14,898,954 Class B common shares directly and 6,035,147 Class B common shares indirectly through a family trust, which are convertible to common stock on a 1:1 basis.
Sentiment
Score: 5
Explanation: The document is a neutral disclosure of insider transactions, with no inherent positive or negative sentiment. It is a routine filing.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings of key executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- The level of detail provided is typical for these types of disclosures, including the number of shares, transaction dates, and ownership structures.
- Other companies in the consumer goods sector would have similar filings from their executives.
Stakeholder Impact
- This filing provides transparency to shareholders regarding the holdings of the CEO.
- The transaction itself is unlikely to have a significant impact on the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 12/11/2024 | Date of the share disposal transaction. |
| 12/12/2024 | Date of signature on the Form 4 filing. |
Keywords
Tootsie Roll Industries, Ellen Gordon, Form 4, Beneficial Ownership, Share Disposal, Common Stock, Class B Common Stock, Insider Trading, SEC Filing
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