Espey (NASDAQ: ESP) CHRO exercises options, sells 2,500 shares at $63
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESPEY MFG & ELECTRONICS CORP executive Jennifer Michele Pickering, the CHRO and Corporate Secretary, reported paired option and stock transactions in company shares. She exercised stock options covering 2,500 shares of common stock at $24.46 per share and on the same date sold 2,500 shares of common stock in an open-market sale at $63.00 per share, effectively turning this option position into cash rather than holding the shares.
Following these transactions, she reported no directly held common stock, while her stock option position increased to 5,000 options and she also reported 670 shares held indirectly through an ESOP. This pattern reflects a routine exercise-and-sell transaction for compensation-related equity.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,500 shares ($157,500)
Net Sell
4 txns
Insider
Pickering Jennifer Michele
Role
CHRO & Corporate Secretary
Sold
2,500 shs ($158K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 2,500 | $24.46 | $61K |
| Exercise | Common Stock - $.33 1/3 par value | 2,500 | $24.46 | $61K |
| Sale | Common Stock - $.33 1/3 par value | 2,500 | $63.00 | $158K |
| holding | Common Stock - $.33 1/3 par value | -- | -- | -- |
Holdings After Transaction:
Stock Option — 5,000 shares (Direct, null);
Common Stock - $.33 1/3 par value — 2,500 shares (Direct, null);
Common Stock - $.33 1/3 par value — 670 shares (Indirect, ESOP)
Footnotes (1)
Key Figures
Shares sold: 2,500 shares
Sale price: $63.00/share
Options exercised: 2,500 shares
+4 more
7 metrics
Shares sold
2,500 shares
Open-market sale of common stock at $63.00 per share
Sale price
$63.00/share
Price for 2,500 common shares sold on June 22, 2026
Options exercised
2,500 shares
Common stock acquired via option exercise at $24.46/share
Exercise price
$24.46/share
Stock option exercise price for 2,500 underlying shares
Remaining stock options
5,000 options
Stock option balance after exercise on April 8, 2034-expiring grant
Indirect ESOP shares
670 shares
Common stock held indirectly through ESOP after transactions
Net shares sold
2,500 shares
Net buy/sell direction reported as net-sell in summary
Key Terms
open-market sale, Stock Option, derivative security, ESOP
4 terms
open-market sale financial
"2,500 shares of common stock in an open-market sale at $63.00"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Stock Option financial
"Stock Option position increased to 5,000 options after the exercise"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
derivative security financial
"described as an exercise or conversion of a derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
ESOP financial
"she also reported 670 shares held indirectly through an ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
FAQ
What insider transactions did ESP CHRO Jennifer Pickering report?
Jennifer Pickering exercised options for 2,500 ESP common shares at $24.46 and sold 2,500 shares at $63.00. These same-day transactions turn a compensation-related option position into cash rather than a longer-term increase in directly held stock.
What are Jennifer Pickering’s holdings after these ESP transactions?
After the reported transactions, Jennifer Pickering shows zero directly held ESP common shares, 5,000 stock options outstanding, and 670 shares held indirectly through an ESOP. This indicates continued equity exposure via options and ESOP rather than directly owned common stock.
Is this ESP Form 4 mainly an option exercise and sale event?
Yes. The filing combines an exercise of 2,500 stock options at $24.46 with a same-day sale of 2,500 shares at $63.00. This is a typical compensation-related exercise-and-sell sequence, rather than a large discretionary purchase or sale of existing holdings.