Form 4: Verisk Analytics Chief Information Officer Nicholas Daffan Executes Stock Options and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Nicholas Daffan, Chief Information Officer of Verisk Analytics, exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan.
Summary
- On March 12, 2024, Nicholas Daffan, the Chief Information Officer of Verisk Analytics, exercised stock options to acquire 1,086 shares at $80.19 and 1,210 shares at $81.14.
- Following the exercise of these options, Mr. Daffan sold 1,531 shares of common stock at $236.12 per share.
- These transactions were executed under a 10b5-1 trading plan established on March 10, 2023, to cover the exercise price of the stock options and related tax obligations.
- After these transactions, Mr. Daffan directly owns 50,973 shares of Verisk Analytics common stock and holds options for 2,171 shares exercisable at $80.19 and 2,421 shares exercisable at $81.14.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures for corporate insiders and provide transparency into their trading activities. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares by a company officer.
Key Dates
| Date | Description |
|---|---|
| 03/10/2023 | Date Mr. Daffan entered into a 10b5-1 plan |
| 03/12/2024 | Date of stock option exercise and share sale transactions |
| 03/14/2024 | Date of Form 4 filing |
| 04/01/2026 | Expiration date of some stock options |
| 04/01/2027 | Expiration date of some stock options |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.