IVZ Form 4: Senior Managing Director Disposes 103,192 Shares at $22.12

Rhea-AI Filing Summary

Insider sale disclosed: Stephanie Butcher, Senior Managing Director and officer of Invesco Ltd. (IVZ), reported selling 103,192 common shares on 09/10/2025 at a weighted-average price of $22.121 per share, with reported sale prices ranging from $22.055 to $22.155. After the sale she beneficially owns 29,855 shares. The Form 4 was signed by an attorney-in-fact on 09/12/2025 and includes an offer to provide the breakdown of shares sold at each price upon request. The filing indicates these were non-derivative dispositions and does not state a plan or reason for the sales.

Positive

• Timely and complete disclosure of a material insider sale via Form 4
• Weighted-average price and price range provided, with an offer to furnish per-transaction details on request

Negative

• Large disposition of 103,192 shares on 09/10/2025, which could be viewed negatively without stated context
• No disclosure of a trading plan or reason for sale, limiting investors' ability to assess intent

Insights

Corporate Governance Expert

TL;DR: Officer sold a large block of shares but retained a stake; filing is routine disclosure under Section 16.

The sale of 103,192 common shares by a senior managing director is a material insider disposition that must be transparently reported, which the filer fulfilled. The filing shows direct, non-derivative sales at a weighted-average price and discloses remaining beneficial ownership. The Form 4 contains an explicit offer to provide detailed per-transaction prices, which supports transparency. No information about a trading plan or reasons for the sale is provided, limiting governance context.

Securities Analyst

TL;DR: Significant share sale executed; impact depends on relative size versus total insider holdings and company float.

The transaction is recorded as multiple non-derivative sales executed on a single date at prices between $22.055 and $22.155, producing a weighted-average of $22.121. Post-sale beneficial ownership is 29,855 shares. The filing supplies concrete price and quantity data enabling calculation of gross proceeds (approximately $2.28 million based on weighted-average price), but it lacks context such as percent of total holdings or linkage to a 10b5-1 plan, so market-impact interpretation is limited.

Insider Trade Summary

Net Seller: 103,192 shares

Net Sell 1 txn

Insider Butcher Stephanie

Role Senior Managing Director

Sold 103,192 shs ($2.28M)

Type	Security	Shares	Price	Value
Sale	Common Shares	103,192	$22.121	$2.28M

Holdings After Transaction: Common Shares — 29,855 shares (Direct)

Footnotes (1)

1. F1. Reflects the weighted-average sales price. Common Shares were sold in multiple transactions at prices ranging from $22.055 to $22.155 per share. The reporting person undertakes to provide upon request to the SEC staff, the issuer or its shareowners full information regarding the number of shares sold at each separate price.

FAQ

What did Stephanie Butcher report on Form 4 for IVZ?

She reported selling 103,192 common shares on 09/10/2025 at a weighted-average price of $22.121 and now beneficially owns 29,855 shares.

At what prices were the IVZ shares sold?

Sales occurred at prices ranging from $22.055 to $22.155 per share, with a weighted-average price of $22.121.

How many shares does the reporting person own after the sale?

29,855 common shares of Invesco Ltd. are reported as beneficially owned following the transactions.

Was the sale reported as part of a 10b5-1 trading plan?

The Form 4 does not indicate that the transaction was made pursuant to a 10b5-1 plan or similar written plan.

Who signed the Form 4 filing?

Rebecca Smith, as Attorney-in-Fact, signed the Form 4 on 09/12/2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 09/12/2025 - 11:19 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Butcher Stephanie

(Last) (First) (Middle)

1331 SPRING STREET, NW

SUITE 2500

(Street)

ATLANTA GA 30309

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Invesco Ltd. [ IVZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Managing Director

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	09/10/2025		S		103,192	D	$22.121(1)	29,855	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the weighted-average sales price. Common Shares were sold in multiple transactions at prices ranging from $22.055 to $22.155 per share. The reporting person undertakes to provide upon request to the SEC staff, the issuer or its shareowners full information regarding the number of shares sold at each separate price.

Remarks:

	/s/ Rebecca Smith, as Attorney-in-Fact	09/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.