Form 4: United Therapeutics Director Louis W. Sullivan Executes Stock Option and Sells Shares
SEC Form 4
Director Louis W. Sullivan exercised stock options and sold shares of United Therapeutics Corp. on December 18, 2024, according to a recent SEC filing.
Summary
- On December 18, 2024, Louis W. Sullivan, a director of United Therapeutics Corporation, exercised stock options to acquire 15,000 shares of common stock at a price of $175.43 per share.
- Following the exercise of options, Sullivan sold a total of 22,640 shares of common stock in multiple transactions at prices ranging from $366.1077 to $382.63 per share.
- The weighted average prices for these sales are detailed in the explanation of responses.
- On December 19, 2024, Sullivan gifted 1,851 shares of common stock.
- After these transactions, Sullivan directly owns 3,200 shares of United Therapeutics common stock.
- Sullivan also indirectly owns derivative securities through a trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. There is no indication of positive or negative outlook.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. Monitoring these filings can provide insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the director's transactions as an indicator of confidence in the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 06/26/2016 | Date exercisable for stock options |
| 07/08/2022 | Date exercisable for stock options held by trust |
| 07/07/2023 | Date exercisable for stock options held by trust |
| 07/13/2024 | Date exercisable for stock options held by trust |
| 12/18/2024 | Director exercised stock options and sold shares |
| 12/19/2024 | Director gifted shares |
| 06/26/2025 | Expiration date for stock options |
| 07/25/2025 | Date exercisable for stock options held by trust and restricted stock units |
| 07/08/2031 | Expiration date for stock options held by trust |
| 07/07/2032 | Expiration date for stock options held by trust |
| 07/13/2033 | Expiration date for stock options held by trust |
| 07/25/2034 | Expiration date for stock options held by trust |
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