Form 4: TransDigm Group CEO Kevin Stein Executes Option and Sells Shares
SEC Form 4
TransDigm Group's CEO, Kevin Stein, exercised stock options and sold shares held indirectly through the Fortuna Trust on June 12, 2024.
Summary
- On June 12, 2024, Kevin Stein, President & CEO of TransDigm Group INC, exercised stock options for 10,000 shares of common stock at a price of $270.88 per share.
- Following the exercise, Stein sold a total of 8,158 shares of common stock indirectly through the Fortuna Trust dated June 1, 2018.
- The sales were executed at varying prices ranging from $1,294.6765 to $1,315.7300 per share.
- After these transactions, the Fortuna Trust continues to beneficially own 183,500 derivative securities and 8,158 shares of TransDigm Group INC common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| June 1, 2018 | Date of the Fortuna Trust |
| September 30, 2018 | Date exercisable for stock options |
| August 1, 2022 | Date from which the exercise price has been adjusted for dividends declared |
| April 25, 2028 | Expiration date for stock options |
| June 12, 2024 | Date of the transactions: option exercise and share sales |
| June 13, 2024 | Date of the Form 4 filing |
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