Form 4: Verisk Analytics CEO Lee Shavel Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Verisk Analytics CEO Lee Shavel sold 2,000 shares of common stock on May 15 and 16, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Lee Shavel, CEO of Verisk Analytics, sold 1,000 shares of common stock on May 15, 2024, at a price of $248.29 per share.
- He sold an additional 1,000 shares on May 16, 2024, at a price of $248.19 per share.
- These transactions were executed under a 10b5-1 trading plan established on December 4, 2023.
- Following these sales, Shavel directly owns 57,163 shares of Verisk Analytics common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock sales under a pre-arranged plan, so it has a neutral sentiment.
Industry Context
Sales by executives are a normal part of corporate governance. The fact that these sales were executed under a 10b5-1 plan suggests they were pre-planned and not based on any inside information.
Stakeholder Impact
- The sale of shares by the CEO could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 12/04/2023 | Date Mr. Shavel entered into the 10b5-1 plan |
| 05/15/2024 | Date of first transaction: Sale of 1,000 shares at $248.29 |
| 05/16/2024 | Date of second transaction: Sale of 1,000 shares at $248.19 |
| 05/17/2024 | Date of Form 4 filing |
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