Form 4: TransDigm Group INC: Co-Chief Operating Officer Joel Reiss Reports Stock Transactions
SEC Form 4
Joel Reiss, Co-Chief Operating Officer of TransDigm Group INC, reports the exercise of stock options and subsequent sale of shares on October 15, 2024.
Summary
- On October 15, 2024, Joel Reiss, Co-Chief Operating Officer of TransDigm Group INC, exercised stock options for 3,000 shares at a price of $226.34.
- Following the exercise, Reiss sold a total of 3,000 shares at varying prices ranging from $1,392.6205 to $1,414.695.
- After these transactions, Reiss directly owns 3,600 shares of common stock.
- Reiss also holds derivative securities in the form of stock options for 18,300 shares.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 09/30/2016 | Date exercisable for stock options |
| 10/15/2024 | Date of stock option exercise and share sales |
| 10/17/2024 | Date of Form 4 filing |
| 11/06/2025 | Expiration date for stock options |
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