Form 4: Tootsie Roll Industries CEO Ellen R. Gordon Updates Beneficial Ownership
SEC Form 4 Filing
Ellen R. Gordon, Chairman and CEO of Tootsie Roll Industries, reports changes in her beneficial ownership of company stock, primarily due to adjustments in indirect holdings.
Summary
- Ellen R. Gordon, Chairman and CEO of Tootsie Roll Industries, filed a Form 4 with the SEC on November 7, 2024, reporting changes in her beneficial ownership of Tootsie Roll Industries stock.
- The changes reflect an adjustment in indirect beneficial ownership related to shares held for the benefit of her immediate family.
- The filing indicates a decrease of 4,726,152 shares of common stock held indirectly.
- Following the reported transactions, Gordon directly owns 13,475,338 shares of common stock and indirectly owns shares through a trust for family (6,035,147), a charitable foundation (1,412,223), and a TRI Stock Trust (104,673).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, ensuring transparency and compliance with securities regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership structure of Tootsie Roll Industries.
Key Dates
| Date | Description |
|---|---|
| 11/07/2024 | Date of the transaction and filing of the Form 4. |
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