Form 4: TransDigm Group Director Sean P. Hennessy Acquires Shares in Lieu of Director Fees
SEC Form 4 Filing
Director Sean P. Hennessy acquired 31 shares of TransDigm Group INC common stock on March 22, 2024, in lieu of a semi-annual director fee.
Summary
- On March 22, 2024, Sean P. Hennessy, a director of TransDigm Group INC, acquired 31 shares of common stock.
- The acquisition was made in lieu of a semi-annual director fee, based on the fair market value of the stock at $1,172.2 per share.
- Following the transaction, Hennessy directly owns 33,976.09 shares of TransDigm Group INC.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company, aligning interests with shareholders.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's value.
Industry Context
Directors receiving stock in lieu of fees is a common practice to align their interests with shareholders and conserve company cash.
Related Party Transactions
- The receipt of stock in lieu of director fees is a related party transaction.
Stakeholder Impact
- The transaction aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of transaction: Sean P. Hennessy acquired 31 shares of TransDigm Group INC common stock. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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