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

Signature
/s/ Daniel S. Kelly
Stock symbol
ATKR
Transactions as of
Mar 4, 2024
Transactions value $
-$2,601,044
Form type
4
Date filed
3/4/2024, 06:56 PM
Previous filing
Mar 1, 2024
Next filing
Nov 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATKR Common Stock Options Exercise $144K +15.8K +45.31% $9.12* 50.7K Mar 4, 2024 Direct
transaction ATKR Common Stock Sale -$2.75M -15.8K -31.18% $173.59 34.9K Mar 4, 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 -15.8K -100% $0.00* 0 Mar 4, 2024 Common Stock 15.8K $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.