ESPEY MFG & ELECTRONICS CORP (ESP) director gifts 100 shares
Rhea-AI Filing Summary
ESPEY MFG & ELECTRONICS CORP director Michael W Wool reported a bona fide gift transfer of 100 shares of common stock on 2026-08-04 at 8.9800 per share. After this family-member gift, he directly holds 19,792 shares and also has 10,550 unexercised stock options; the transaction was not under a Rule 10b5-1 plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 100 shares
Net Sell
1 txn
Insider
WOOL MICHAEL W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock - $.33 1/3 par value F1 | 100 | $8.98 | $898.00 |
Holdings After Transaction:
Common Stock - $.33 1/3 par value — 19,792 shares (Direct)
Footnotes (1)
- F1. In addition to the directly held securities listed above after the family member gifting transaction, the individual also has 10,550 unexercised stock options.
Key Figures
Shares gifted: 100.0000 shares
Gift transaction price: 8.9800 per share
Direct holdings after transaction: 19792.0000 shares
+1 more
4 metrics
Shares gifted
100.0000 shares
Bona fide gift of common stock on 2026-08-04
Gift transaction price
8.9800 per share
Transaction price per share used for the 100-share gift
Direct holdings after transaction
19792.0000 shares
Common stock directly held by Michael W Wool following the gift
Unexercised stock options
10550 options
Stock options held in addition to directly owned shares after the family-member gift
Key Terms
Bona fide gift, unexercised stock options, par value
3 terms
Bona fide gift financial
"transaction code G is described as a 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.
unexercised stock options financial
"the individual also has 10,550 unexercised stock options"
par value financial
"Common Stock - $.33 1/3 par value"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Michael W Wool report for ESP on this Form 4?
Michael W Wool reported a bona fide gift of 100 shares of ESPEY MFG & ELECTRONICS CORP common stock on 2026-08-04 at 8.9800 per share, classified under transaction code G as a gift transfer rather than a market sale or purchase.
Was Michael W Wool’s ESP Form 4 transaction under a Rule 10b5-1 plan?
The filing indicates the transaction was not made under a Rule 10b5-1 trading plan, as the Rule 10b5-1 checkbox is unchecked, meaning the bona fide gift was not executed pursuant to a pre-arranged trading arrangement.
What type of security was involved in the ESP Form 4 transaction?
The transaction involved Common Stock - $.33 1/3 par value of ESPEY MFG & ELECTRONICS CORP. The Form 4 records a bona fide gift of 100 shares of this common stock by director Michael W Wool to a family member.
What does transaction code G mean in Michael W Wool’s ESP filing?
Transaction code G in the filing is described as a bona fide gift. This indicates the 100-share transfer of ESPEY MFG & ELECTRONICS CORP common stock was a gift, not a sale or purchase in the open market.