Director Nancy Andrews gifts Charles River (CRL) shares to trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CHARLES RIVER LABORATORIES INTERNATIONAL, INC. director Nancy C. Andrews reported non-market, bona fide gifts of common stock. On May 12, 2026, she disposed of a total of 7,928 shares through two gift transactions. One transfer of 3,964 shares was made to a revocable trust that she controls under Rule 16a-13, shifting those shares from direct to indirect ownership. Following these transactions, she held 1,438 shares directly and 3,964 shares indirectly through the trust, indicating a reallocation of her holdings rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,928 shares gifted
Mixed
2 txns
Insider
Andrews Nancy C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 3,964 | $0.00 | -- |
| Gift | Common Stock | 3,964 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,438 shares (Direct, null);
Common Stock — 3,964 shares (Indirect, By Trust)
Footnotes (1)
- [object Object]
Key Figures
Total gifted shares: 7,928 shares
Gift per transaction: 3,964 shares
Direct holdings after gifts: 1,438 shares
+2 more
5 metrics
Total gifted shares
7,928 shares
Bona fide gifts on May 12, 2026
Gift per transaction
3,964 shares
Each of two gift transactions
Direct holdings after gifts
1,438 shares
Common stock held directly post-transaction
Indirect holdings after gifts
3,964 shares
Common stock held indirectly by trust post-transaction
Gift code
Code G
Bona fide gift classification under SEC rules
Key Terms
bona fide gift, revocable trust, Rule 16a-13, indirect ownership, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
revocable trust financial
"to a revocable trust controlled by the reporting person."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Rule 16a-13 regulatory
"Reflects the exempt transfer pursuant to Rule 16a-13 of 3,964 shares"
indirect ownership financial
""direct_or_indirect": "I", "nature_of_ownership": "By Trust""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Nancy C. Andrews report at CRL?
Nancy C. Andrews reported two bona fide gifts of Charles River common stock totaling 7,928 shares on May 12, 2026. These were non-market dispositions classified as gifts rather than open-market sales or purchases.
What is the role of the revocable trust in Nancy Andrews’ CRL holdings?
A revocable trust controlled by Nancy Andrews received 3,964 shares via an exempt transfer under Rule 16a-13. This moved shares from direct to indirect ownership while she remained in control of the trust’s holdings.
What does transaction code G mean in the CRL Form 4 filing?
Transaction code G identifies a bona fide gift of securities. In this CRL filing, both reported transactions use code G, confirming the shares were given away rather than sold in the open market.