Form 4: Unisys CEO Peter Altabef Reports Changes in Beneficial Ownership

Unisys CEO Peter Altabef reports acquisition and disposal of company stock, adjusting his beneficial ownership.

Summary

• Peter Altabef, CEO of Unisys Corporation, filed a Form 4 detailing changes in his beneficial ownership of Unisys stock.
• On February 25, 2024, 6,365 shares of common stock were disposed of at a price of $5.25.
• On February 26, 2024, 5,323 shares of common stock were disposed of at a price of $5.55.
• Also on February 26, 2024, 187,483 shares of common stock were acquired at a price of $0.
• Following these transactions, Altabef directly owns 1,429,899 shares of Unisys common stock, which includes 283,083 time-based restricted stock units (TB-RSUs) and 971,021 shares of common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While there were disposals of shares, there was also a significant acquisition at $0, balancing the overall impact. It's a routine filing reflecting changes in ownership.

Positives

• The acquisition of 187,483 shares at $0 could be seen as a positive sign of confidence in the company's future.

Negatives

• The disposal of 11,688 shares could be interpreted negatively, although the amounts are relatively small compared to the total holdings.

Risks

• The Form 4 filing itself doesn't inherently indicate risks, but changes in insider ownership can sometimes signal shifts in sentiment or strategy.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Monitoring these filings can offer insights into management's perspective on the company's valuation and prospects.

Stakeholder Impact

• The changes in beneficial ownership could have a minor impact on shareholder sentiment, depending on how the market interprets the transactions.

Key Dates