Espey (ESP) director exercises options and sells 1,000 shares in filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESPEY MFG & ELECTRONICS CORP director Michael W. Wool reported a mix of option exercises and share sales. He exercised stock options for 1,842 shares at $27.21 per share and received the same number of common shares. He then sold 1,000 common shares at $57.90 per share in an open-market transaction, and directly owned 19,242 common shares afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,000 shares ($57,900)
Net Sell
3 txns
Insider
WOOL MICHAEL W
Role
Director
Sold
1,000 shs ($58K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 1,842 | $27.21 | $50K |
| Exercise | Common Stock - $.33 1/3 par value | 1,842 | $27.21 | $50K |
| Sale | Common Stock - $.33 1/3 par value | 1,000 | $57.90 | $58K |
Holdings After Transaction:
Stock Option — 12,700 shares (Direct);
Common Stock - $.33 1/3 par value — 19,242 shares (Direct)
Footnotes (1)
FAQ
What insider transactions did ESPEY (ESP) director Michael W. Wool report?
Michael W. Wool reported exercising options for 1,842 shares and selling 1,000 common shares. The option exercise converted derivative securities into common stock, while the sale was an open-market transaction, all reported as directly owned holdings in ESPEY MFG & ELECTRONICS CORP.
What stock option exercise did the ESPEY (ESP) director report?
He exercised stock options covering 1,842 shares at an exercise price of $27.21 per share. This exercise converted derivative securities into an equal number of common shares, increasing his directly owned ESPEY MFG & ELECTRONICS CORP common stock before the subsequent share sale.
Were the ESPEY (ESP) insider trades classified as buys or sells?
The filing shows both acquisition and sale activity. Two transactions were coded “M” for option exercises, acquiring 1,842 common shares, and one transaction was coded “S” for an open-market sale of 1,000 shares, resulting in a net-sell of 1,000 shares overall.