Form 4: Universal Stainless & Alloy Products Director Exercises Stock Options and Sells Shares

Director M. David Kornblatt exercised stock options and sold shares of Universal Stainless & Alloy Products on November 27, 2024.

Summary

• On November 27, 2024, M. David Kornblatt, a director at Universal Stainless & Alloy Products, exercised 2,500 stock options at a price of $24.38 per share.
• Following the exercise, 1,373 shares were withheld by the company to cover the exercise price and applicable taxes.
• The shares were withheld based on a closing price of $44.40 on November 26, 2024.
• After these transactions, Mr. Kornblatt directly owns 51,858 shares of Universal Stainless & Alloy Products.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction by a company director, with no indication of positive or negative sentiment. It is a neutral event.

Industry Context

This is a routine transaction for a company director and is not unusual. It is common for directors to receive stock options as part of their compensation and to exercise them periodically.

Comparison to Industry Standards

• Stock option exercises and share sales by directors are common across publicly traded companies.
• The withholding of shares for tax purposes is a standard practice in such transactions.
• The specific details of the option grants and vesting schedules are unique to Universal Stainless & Alloy Products, but the overall process is consistent with industry norms.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard director stock option exercise and sale.

Key Dates

Keywords

stock options, insider trading, share transaction, director, equity securities, Universal Stainless & Alloy Products