Cooper Companies EVP increases stake with 3,000-share purchase at $65.04
Rhea-AI Filing Summary
Daniel G. McBride, EVP & Chief Operating Officer of The Cooper Companies (COO), reported an open-market purchase of company stock. The Form 4 discloses a purchase of 3,000 shares of Common Stock at a price of $65.04 per share, recorded as a purchase transaction. After this transaction, Mr. McBride directly beneficially owns 63,120 shares and indirectly beneficially owns 94,496 shares through The McBride Family Trust. No derivative securities are reported on this form.
Positive
- Officer purchase disclosed: Mr. McBride increased his direct stake by 3,000 shares, aligning personal ownership with shareholder interests.
- No derivatives reported: The transaction is a straight open-market purchase, avoiding complexity from options or convertible instruments.
Negative
- None.
Insights
TL;DR: An executive purchased a modest number of shares, modestly increasing direct ownership without derivative activity.
The disclosed open-market purchase of 3,000 shares at $65.04 increases the reporting officer's direct stake to 63,120 shares while an indirect holding via a family trust remains material but separate. The transaction size is relatively small compared with typical executive holdings for large-cap companies and does not involve options or other derivatives, so immediate balance-sheet or dilution effects are negligible. This is a routine insider purchase that signals personal investment but is not large enough alone to be materially transformative.
TL;DR: Transaction follows standard Section 16 reporting; no governance red flags observed.
The Form 4 is a routine Section 16 disclosure showing an open-market acquisition by an officer with beneficial interests held both directly and indirectly through a family trust. The form is signed by an attorney-in-fact, indicating administrative processing. There are no asset transfers, option exercises, or indicia of complex arrangements disclosed. From a governance and compliance standpoint, the filing appears complete and standard.