| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | IR | Common Stock | Gift | $0 | -18,000 | -10% | $0.000000 | 153,802 | 14 Sep 2023 | See footnote | F1, F2 |
| holding | IR | Common Stock | 73,877 | 14 Sep 2023 | Direct | ||||||
| holding | IR | Common Stock | 75,000 | 14 Sep 2023 | See footnote | F3 | |||||
| holding | IR | Common Stock | 22,500 | 14 Sep 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 gift reported in this Form 4 reflects a charitable donation of 18,000 shares of common stock, pursuant to a Rule 10b5-1 trading plan adopted on June 6, 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