Form 4: Valmont Industries VP R. Andrew Massey Reports Stock Transactions
SEC Form 4 Filing
R. Andrew Massey, VP, Legal and Corp. Secretary of Valmont Industries, reports the acquisition and disposal of common stock and derivative securities.
Summary
- On October 25, 2024, R. Andrew Massey, VP, Legal and Corp. Secretary of Valmont Industries, reported transactions involving Valmont Industries' common stock and non-qualified stock options.
- Massey acquired 3,977 shares of common stock at a price of $112.08.
- Simultaneously, Massey disposed of 3,977 shares of common stock at $315.
- These transactions resulted in Massey owning 9,408 shares of common stock directly and 11 shares indirectly through a 401K.
- Massey also exercised non-qualified stock options to acquire 1,977 and 2,000 shares of common stock, respectively, at an exercise price of $112.08.
- Following these transactions, Massey holds no derivative securities directly.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect broader industry trends but offers insight into the individual's investment decisions regarding their company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by providing insight into management's perspective on the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 12/17/2019 | First vesting date for options |
| 12/17/2023 | Vesting date for options |
| 10/25/2024 | Date of earliest transaction (stock acquisition and disposal, option exercise) |
| 10/29/2024 | Date of signature |
| 12/17/2025 | Expiration date for options |
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