Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | IR | Common Stock | Sale | -$1.77M | -27.2K | -26.89% | $65.00 | 73.9K | Jun 16, 2023 | Direct | F1 |
holding | IR | Common Stock | 172K | Jun 16, 2023 | See footnote | F2 | |||||
holding | IR | Common Stock | 75K | Jun 16, 2023 | See footnote | F3 | |||||
holding | IR | Common Stock | 22.5K | Jun 16, 2023 | See footnote | F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Id | Content |
---|---|
F1 | The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan, which was adopted prior to February 27, 2023. |
F2 | Held in a trust for the benefit of the Reporting Person and his spouse. |
F3 | Held in a trust for the benefit of the Reporting Person's descendants. |
F4 | Held in a trust for the benefit of the Reporting Person's spouse and descendants. |
Title: Chairman, President and Chief Executive Officer