Lincoln Electric (LECO) EVP exercises options and sells 10,657 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lincoln Electric Holdings EVP and General Counsel Jennifer I. Ansberry reported a set of option exercises and share sales. On February 17, she exercised 10,657 employee stock options, receiving the same number of common shares through a derivative exercise.
That same day, she conducted open-market sales totaling 10,657 common shares in several transactions at reported per-share prices of $288.6490, $289.1844 and $290.3780. On February 13, 465 shares were disposed of to cover tax obligations at $293.6800 per share.
After these transactions, she directly owned 18,708 common shares, which the disclosure notes includes 20 shares held as joint tenants with her spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,657 shares ($3,078,282)
Net Sell
6 txns
Insider
Ansberry Jennifer I
Role
EVP, GENERAL COUNSEL & SECY
Sold
10,657 shs ($3.08M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 10,657 | $0.00 | -- |
| Exercise | Common Shares | 10,657 | $114.27 | $1.22M |
| Sale | Common Shares | 7,757 | $288.649 | $2.24M |
| Sale | Common Shares | 2,400 | $289.1844 | $694K |
| Sale | Common Shares | 500 | $290.378 | $145K |
| Tax Withholding | Common Shares | 465 | $293.68 | $137K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Shares — 29,365 shares (Direct)
Footnotes (1)
- Total includes 20 shares held as Joint Tenants with Reporting Person's spouse. This transaction was executed in multiple trades at prices ranging from $288.02 to $289.01. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $289.02 to $289.385. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $290.29 to $290.40. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Exercisable in equal installments on the first, second and third anniversaries of the date of grant.
FAQ
What insider transaction did Lincoln Electric (LECO) report for Jennifer I. Ansberry?
Jennifer I. Ansberry reported exercising options and selling shares. She exercised 10,657 employee stock options into common shares, then sold 10,657 common shares in open-market trades and had a separate tax-withholding share disposition earlier in February.
What stock option activity did the Lincoln Electric (LECO) Form 4 disclose?
The Form 4 discloses an option exercise for 10,657 shares. On February 17, Jennifer I. Ansberry exercised 10,657 employee stock options, acquiring the same number of Lincoln Electric common shares through a derivative exercise transaction.
What role does Jennifer I. Ansberry hold at Lincoln Electric (LECO)?
She serves as Executive Vice President, General Counsel and Secretary. The Form 4 identifies her as an officer of Lincoln Electric Holdings Inc. with this title while reporting her option exercise and common share transactions.