Form 4: TransDigm Group Co-COO Joel Reiss Executes Stock Option and Sells Shares
SEC Form 4 Filing
Joel Reiss, Co-Chief Operating Officer of TransDigm Group Inc., exercised stock options and sold shares on March 15, 2024, according to a Form 4 filing with the SEC.
Summary
- On March 15, 2024, Joel Reiss, Co-Chief Operating Officer of TransDigm Group Inc. (TDG), exercised stock options to acquire 3,000 shares of common stock at a price of $226.34 per share.
- Simultaneously, Reiss sold a total of 3,000 shares of common stock in multiple transactions at prices ranging from $1,165.0657 to $1,181.4933.
- Following these transactions, Reiss directly owns 3,600 shares of TransDigm Group Inc. common stock.
- Reiss also directly owns 39,300 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing insider transactions, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives, which can be of interest to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 09/30/2016 | Date exercisable for stock options |
| 03/15/2024 | Date of stock option exercise and share sales |
| 03/19/2024 | Date of signature on the Form 4 filing |
| 11/06/2025 | Expiration date for stock options |
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