Gartner EVP adds 23 shares through ESPP
Gartner Inc. executive Altaf Rupani acquired 23 shares of common stock through the company’s Employee Stock Purchase Plan at $154.09 per share.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Gartner Inc. executive Altaf Rupani acquired 23 shares of common stock through the company’s Employee Stock Purchase Plan at $154.09 per share. This routine, compensation-related transaction was exempt from short-swing profit rules and brings Rupani’s direct holdings to 1,180 shares.
Insider Trade Summary
Other: 23 shares
Other
1 txn
Insider
Rupani Altaf
Role
EVP, Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 23 | $154.09 | $4K |
Holdings After Transaction:
Common Stock — 1,180 shares (Direct)
Holdings Before and After:
Common Stock, 1,157 to 1,180 shares (Direct)
Footnotes (1)
- F1. Represents shares acquired under Gartner, Inc.'s 2011 Employee Stock Purchase Plan (as amended and restated effective May 1, 2024) in a transaction exempt from Section 16(b) pursuant to Rule 16b-3(c).
Key Figures
Shares acquired: 23 shares
Purchase price: $154.09 per share
Post-transaction holdings: 1,180 shares
+1 more
4 metrics
Shares acquired
23 shares
Common stock acquired via Employee Stock Purchase Plan
Purchase price
$154.09 per share
Price for ESPP acquisition of 23 common shares
Post-transaction holdings
1,180 shares
Direct Gartner common stock held after Form 4 transaction
Restructuring shares (other code J)
23 shares
Reported as other acquisition/disposition in transaction summary
Key Terms
Employee Stock Purchase Plan, Section 16(b), Rule 16b-3(c)
3 terms
Employee Stock Purchase Plan financial
"Represents shares acquired under Gartner, Inc.'s 2011 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Section 16(b) regulatory
"in a transaction exempt from Section 16(b) pursuant to Rule 16b-3(c)"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3(c) regulatory
"in a transaction exempt from Section 16(b) pursuant to Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Altaf Rupani report for Gartner (IT)?
Altaf Rupani reported acquiring 23 shares of Gartner common stock through the company’s Employee Stock Purchase Plan. The transaction is coded as an “other” acquisition and is exempt from Section 16(b) under Rule 16b-3(c).
What are Altaf Rupani’s Gartner (IT) holdings after this Form 4 transaction?
Following the reported transaction, Altaf Rupani directly holds 1,180 shares of Gartner common stock. The 23-share acquisition under the Employee Stock Purchase Plan modestly increases his direct ownership stake in the company.
What does the J code mean in Altaf Rupani’s Gartner (IT) Form 4?
The J transaction code on Altaf Rupani’s Form 4 indicates an “other” type of acquisition or disposition. Here it reflects shares acquired through Gartner’s Employee Stock Purchase Plan rather than an open-market trade.
Why is Altaf Rupani’s Gartner (IT) ESPP transaction exempt from Section 16(b)?
The Form 4 footnote states the shares were acquired under Gartner’s 2011 Employee Stock Purchase Plan in a transaction exempt from Section 16(b) pursuant to Rule 16b-3(c), which covers certain board-approved employee benefit plan transactions.
Is Altaf Rupani’s Gartner (IT) transaction a market buy or a plan purchase?
The transaction is a plan purchase, not an open-market buy. The Form 4 footnote explains the 23 shares were acquired through Gartner’s 2011 Employee Stock Purchase Plan, in a transaction treated as an “other” acquisition for reporting purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
