Form 4: TransDigm Group CEO Kevin Stein Executes Stock Option and Sells Shares
SEC Form 4 Filing
TransDigm Group's CEO, Kevin Stein, exercised stock options and sold shares held indirectly through the Fortuna Trust on May 13, 2024.
Summary
- On May 13, 2024, Kevin Stein, the President & CEO of TransDigm Group INC, exercised stock options to acquire 10,000 shares of common stock at a price of $270.88 per share.
- Concurrently, Mr. Stein, through the Fortuna Trust dated June 1, 2018, sold a total of 10,000 shares of TransDigm Group common stock.
- The sales were executed in multiple transactions at varying prices ranging from $1,282.5434 to $1,312.8574 per share.
- Following these transactions, the Fortuna Trust continues to hold 8,158 shares of TransDigm Group common stock.
Sentiment
Score: 5
Explanation: The document simply reports stock transactions, so the sentiment is neutral.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| June 1, 2018 | Date of the Fortuna Trust |
| September 30, 2018 | Date exercisable for stock options |
| April 25, 2028 | Expiration date for stock options |
| May 13, 2024 | Date of stock option exercise and share sales |
| May 15, 2024 | Date of filing |
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