Gartner Form 4: Raul Cesan Re-structures 8,000 Shares into Trusts
Rhea-AI Filing Summary
Raul E. Cesan, a director of Gartner, Inc. (ticker: IT), reported transfers of common stock on August 19, 2025. Through a power of substitution he moved 4,000 shares to two separate family trust accounts and received 4,000 shares from each trust in exchange for assets of equal value, with the transactions recorded at $243.90 per share (the average of the high and low price that day). The filing states these moves changed the form of beneficial ownership but did not alter the total number of shares for which he may be deemed to have beneficial ownership.
The Form 4 indicates the transfers are treated as exempt changes in form under Rule 16a-13 and were signed on behalf of Mr. Cesan on August 21, 2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine intra-family trust transfers altered ownership form but left aggregate beneficial ownership unchanged; governance impact is minimal.
The reporting shows a director exercising a power of substitution to re-title shares into family trust accounts. Such transfers are commonly used for estate planning and succession purposes and are explicitly identified as changes in form exempted under Rule 16a-13. Because the total number of shares for which the director may be deemed to have beneficial ownership did not change, there is no immediate dilution or control shift reflected in this filing. From a governance perspective, this is administrative rather than an economic disposition.
TL;DR: Transaction recorded at $243.90 per share for reporting purposes; no change in aggregate beneficial ownership means negligible market impact.
The Form 4 documents four paired transactions dated August 19, 2025, each using transaction code J(1) (non-economic change in form). The use of the average of the high and low price to record a $243.90 per-share value is a standard reporting convention. Because the filing confirms the transfers did not alter the director's total beneficial stake, these entries are not indicative of buying or selling pressure and are unlikely to affect investor valuation or liquidity of the stock.