Form 4: United States Lime & Minerals Inc. CEO Exercises Stock Options
SEC Form 4
Timothy W. Byrne, President and CEO of United States Lime & Minerals Inc., exercised stock options and disposed of shares to cover tax obligations on May 7, 2024.
Summary
- On May 7, 2024, Timothy W. Byrne, the President and CEO of United States Lime & Minerals Inc. (USLM), executed transactions involving USLM common stock.
- Byrne exercised stock options to acquire 7,500 shares at $129.02 per share and 5,000 shares at $140.76 per share.
- He also disposed of 4,495 shares at $371.78 to cover tax obligations related to the option exercises.
- Following these transactions, Byrne directly owns 37,769 shares of USLM common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. The CEO exercised options and sold shares to cover taxes, which is a common practice.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 06/30/2022 | Date exercisable for stock options |
| 12/31/2022 | Date exercisable for stock options |
| 06/30/2023 | Date exercisable for stock options |
| 12/30/2023 | Date exercisable for stock options |
| 05/07/2024 | Date of transaction: stock option exercise and share disposal |
| 05/08/2024 | Date of signature on the Form 4 |
| 12/31/2031 | Expiration date for stock options |
| 12/30/2032 | Expiration date for stock options |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.