Hackett Group (HCKT) director reports exempt share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HACKETT GROUP, INC. director Robert A. Rivero reported an exempt disposition of 2,677 shares of Common Stock back to the company at $15.22 per share, characterized as a disposition to the issuer under Rule 16b-3(e). Following this transaction, his holdings consist of 8,274 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rivero Robert A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 2,677 | $15.22 | $41K |
Holdings After Transaction:
Common Stock — 8,274 shares (Direct)
Footnotes (1)
- Exempt disposition to issuer pursuant to Rule 16b-3(e). Includes 8,274 unvested RSUs.
FAQ
What insider transaction did HACKETT GROUP (HCKT) director Robert A. Rivero report?
Director Robert A. Rivero reported an exempt disposition of 2,677 shares of Hackett Group Common Stock to the issuer. The transaction was priced at $15.22 per share and classified as a disposition to the company under Rule 16b-3(e).
What is director Robert A. Rivero’s reported Hackett Group (HCKT) equity position after the transaction?
After the transaction, Robert A. Rivero is reported as holding 8,274 unvested restricted stock units. The Form 4 notes that this post-transaction balance consists entirely of unvested RSUs, rather than freely tradable Hackett Group Common Stock.
How is the Hackett Group (HCKT) insider transaction classified under SEC rules?
The transaction is classified as a disposition to the issuer under Rule 16b-3(e). This rule provides an exemption for certain insider transactions with the issuer, such as equity awards or related adjustments, from short-swing profit recovery provisions.