Form 4: W.W. Grainger Sr. VP Paige K. Robbins Reports Stock Transactions
SEC Form 4
Paige K. Robbins, Sr. VP of W.W. Grainger, reports the acquisition and disposition of company stock on November 5, 2024, according to a Form 4 filing.
Summary
- On November 5, 2024, Paige K. Robbins, Sr. VP of W.W. Grainger, executed multiple transactions involving the company's common stock.
- Robbins acquired shares through the exercise of stock options at prices of $231.20, $276.64, and $311.26, totaling 9,577 shares.
- Concurrently, Robbins disposed of 9,479 shares of common stock at prices ranging from $1,113.3329 to $1,122.2.
- Following these transactions, Robbins directly owns 4,379 shares and indirectly owns 13,069 shares through a family trust.
- The filing also includes a Power of Attorney, effective August 27, 2024, granting authority to Nancy L. Berardinelli-Krantz, Ronald J. Edwards, and Dean Brazier to execute securities filings on Robbins' behalf.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in company stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
- The Power of Attorney ensures continued compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 04/03/2020 | Date stock options were exercisable |
| 04/02/2021 | Date stock options were exercisable |
| 04/01/2022 | Date stock options were exercisable |
| 03/31/2029 | Expiration date of stock options |
| 04/02/2027 | Expiration date of stock options |
| 04/01/2028 | Expiration date of stock options |
| 08/27/2024 | Effective date of Power of Attorney |
| 11/05/2024 | Date of stock transactions (acquisition and disposition) |
| 11/07/2024 | Date of Form 4 signature |
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