Daniel S. Kelly - 04 Mar 2024 Form 4 Insider Report for Atkore Inc. (ATKR)

Signature
/s/ Daniel S. Kelly
Issuer symbol
ATKR
Transactions as of
04 Mar 2024
Net transactions value
-$2,601,044
Form type
4
Filing time
04 Mar 2024, 18:56:32 UTC
Previous filing
01 Mar 2024
Next filing
13 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATKR Common Stock Options Exercise $144,233 +15,815 +45% $9.12* 50,722 04 Mar 2024 Direct
transaction ATKR Common Stock Sale $2,745,277 -15,815 -31% $173.59 34,907 04 Mar 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ATKR Stock Options (right to buy) Options Exercise $0 -15,815 -100% $0.000000* 0 04 Mar 2024 Common Stock 15,815 $9.12 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 This exercise and sale was undertaken pursuant to a predetermined diversification plan previously adopted on February 6, 2023 by the Reporting Person (a "10b5-1 Plan") for 10-year options of the Issuer's common stock set to expire on May 22, 2024.
F2 This price represents the approximate weighted average price per share of common stock (each a "Share") of Atkore Inc. (the "Issuer") of sales that were executed at prices ranging from $173.00 to $175.17 per Share. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the issuer, full information regarding the number of Shares sold at each price.
F3 These options are fully vested and exercisable.