ACM Form 4: Director Daniel Tishman Transfers 27,935 Shares (Code G)
Rhea-AI Filing Summary
Daniel R. Tishman, a director of AECOM (ACM), reported a securities disposition on 09/05/2025. The filing shows a Code G transaction disposing of 27,935 shares of AECOM common stock at a reported price of $0, indicating the shares were transferred as a gift. After the reported transaction, the filing lists 21,675 shares held directly and 356 shares held indirectly by Merrill Lynch under the AECOM Retirement & Savings Plan. The Form 4 was signed on behalf of Mr. Tishman by Matt Benson as attorney-in-fact on 09/09/2025. The filing contains no derivative transactions or additional explanations.
Positive
- Timely disclosure of the insider transaction in a filed Form 4
- Clear listing of post-transaction beneficial ownership, including indirect holdings via the RSP
Negative
- Large disposition of 27,935 shares by a director (reported as a gift)
- No additional explanation provided about the recipient or purpose beyond the Code G designation
Insights
TL;DR: Routine insider gift transaction disclosed by a director; compliance with Section 16 reporting requirements.
The Form 4 documents a Code G disposition, which is the standard code for a gift. The report clearly states post-transaction beneficial ownership levels and identifies the indirect holding via the company retirement plan. From a governance perspective, timely disclosure maintains transparency and allows stakeholders to observe director-level share movements. There is no accompanying explanation of purpose beyond the transaction code and no derivatives reported.
TL;DR: Director transferred 27,935 shares as a gift; transaction is disclosed but presents no direct operational signal.
The filing shows a transfer of 27,935 shares at a reported price of $0 on 09/05/2025 and residual direct ownership of 21,675 shares. The presence of 356 indirectly held shares via the AECOM RSP is noted. For investors, the transaction is a change in insider holdings but lacks contextual details about intent or recipient, so it should be interpreted as a non-trading transfer rather than a sale.