Espey Mfg (ESP) director reports 2,000-share gift and 10,550 stock options
Rhea-AI Filing Summary
ESPEY MFG & ELECTRONICS CORP director Michael W. Wool reported a bona fide gift of 2,000 shares of common stock on April 13, 2026. The shares were transferred at $0.00 per share.
After the gift, he holds 17,792 shares directly and 2,000 shares indirectly through his spouse's IRA, and also has 10,550 unexercised stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,000 shares
Net Sell
2 txns
Insider
WOOL MICHAEL W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock - $.33 1/3 par value F1 | 2,000 | $0.00 | $0.00 |
| holding | Common Stock - $.33 1/3 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock - $.33 1/3 par value — 17,792 shares (Direct);
Common Stock - $.33 1/3 par value — 2,000 shares (Indirect, Spouse's IRA)
Footnotes (1)
- F1. In addition to the securities listed above, the individual also has 10,550 unexercised stock options.
Key Figures
Gifted shares: 2,000 shares
Gift price per share: $0.00 per share
Direct holdings after gift: 17,792 shares
+2 more
5 metrics
Gifted shares
2,000 shares
Bona fide gift of common stock on April 13, 2026
Gift price per share
$0.00 per share
Reported transaction price for gifted shares
Direct holdings after gift
17,792 shares
Common stock held directly by Michael W. Wool following the gift
Indirect holdings
2,000 shares
Common stock held indirectly through spouse's IRA
Unexercised stock options
10,550 options
Additional equity exposure noted in footnote F1
Key Terms
Bona fide gift, indirect ownership, unexercised stock options, Spouse's IRA
4 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.
indirect ownership financial
"ownership_type "indirect" with nature_of_ownership "Spouse's IRA""
unexercised stock options financial
"the individual also has 10,550 unexercised stock options"
Spouse's IRA financial
"nature_of_ownership: "Spouse's IRA""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ESP director Michael W. Wool report?
Michael W. Wool reported a bona fide gift of 2,000 shares of ESPEY MFG & ELECTRONICS CORP common stock on April 13, 2026. The gift was recorded at $0.00 per share, indicating a non-market charitable or personal transfer rather than a sale.
What are Michael W. Wool’s ESP holdings after the reported gift?
Following the gift, Michael W. Wool holds 17,792 ESPEY shares directly and 2,000 shares indirectly through his spouse's IRA. The filing also notes 10,550 unexercised stock options, which represent additional potential equity exposure if exercised in the future.
Does this ESP Form 4 show trades under a Rule 10b5-1 plan?
No. The Form 4’s Rule 10b5-1 checkbox is unchecked, and there is no footnote indicating a pre-arranged trading plan. The reported activity consists of a bona fide gift of 2,000 shares rather than a market trade executed under a trading plan.
What unexercised ESP stock options does Michael W. Wool hold?
A footnote states that Michael W. Wool has 10,550 unexercised stock options in ESPEY MFG & ELECTRONICS CORP. These options are in addition to his reported direct and indirect shareholdings and could convert into common shares if he chooses to exercise them.