Form 4: Verisk Analytics CEO Lee Shavel Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Verisk Analytics CEO Lee Shavel sold 2,200 shares of common stock on March 17 and 18, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Lee Shavel, CEO of Verisk Analytics, sold 1,100 shares of common stock on March 17, 2025, at a price of $287.83 per share.
- He then sold another 1,100 shares on March 18, 2025, at $289.16 per share.
- These transactions were executed under a 10b5-1 trading plan established on November 25, 2024.
- Following these sales, Shavel directly owns 62,418 shares of Verisk Analytics common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports stock sales under a pre-arranged plan, which is a common practice.
Positives
- The sales were conducted under a pre-arranged 10b5-1 trading plan, indicating they were planned well in advance and not based on immediate market conditions.
Industry Context
Sales by executives are common and often part of personal financial planning. The use of a 10b5-1 plan is a standard practice to avoid accusations of insider trading.
Stakeholder Impact
- The stock sales could have a minor negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 2024-11-25 | Date Mr. Shavel entered into the 10b5-1 plan |
| 2025-03-17 | Date of first stock sale (1,100 shares at $287.83) |
| 2025-03-18 | Date of second stock sale (1,100 shares at $289.16) |
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