Mueller Industries (NYSE: MLI) CEO records bona fide stock gifts in Form 4
Rhea-AI Filing Summary
Mueller Industries Chairman and CEO Christopher Gregory L. reported gifting shares of the company’s common stock. He made a bona fide gift of 16,544 shares held directly and a separate bona fide gift of 10,128 shares held indirectly through his spouse, both at a stated price of $0.00 per share, including a gift to a donor-advised fund. After these transfers, he still directly owns 908,177 shares, while his spouse indirectly holds 134,392 shares. Additional indirect holdings remain reported as 13,600 shares held by children, 72,520 shares in a trust where he is a beneficiary, and 70,000 shares in a trust where his spouse is a beneficiary.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 26,672 shares
Net Sell
5 txns
Insider
Christopher Gregory L.
Role
Chairman of the Board & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 16,544 | $0.00 | $0.00 |
| Gift | Common Stock | 10,128 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 908,177 shares (Direct);
Common Stock — 134,392 shares (Indirect, by spouse);
Common Stock — 13,600 shares (Indirect, by children);
Common Stock — 72,520 shares (Indirect, by trust where he is beneficiary);
Common Stock — 70,000 shares (Indirect, by trust where spouse is beneficiary)
Footnotes (1)
- F1. Gift to a donor-advised fund
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did MLI Chairman and CEO Christopher Gregory L. report?
He reported bona fide gifts of Mueller Industries common stock. These included 16,544 directly held shares and 10,128 shares held indirectly through his spouse, both at a stated $0.00 per share, reflecting non-sale, charitable-style transfers.
Were the reported MLI insider transactions open-market sales?
No, the transactions were not open-market sales. They are coded as G, meaning bona fide gifts of common stock at $0.00 per share, including a gift to a donor-advised fund, rather than cash sales into the market.
Does the Form 4 for MLI mention gifts to a donor-advised fund?
Yes, a footnote specifies a gift to a donor-advised fund. This indicates at least part of the reported bona fide gifts of Mueller Industries common stock was directed to that charitable vehicle, consistent with the G transaction code for gifts.
What indirect Mueller Industries holdings are reported for the CEO’s family and trusts?
Indirectly, the filing lists 13,600 shares held by children, 72,520 shares in a trust where he is a beneficiary, and 70,000 shares in a trust where his spouse is a beneficiary, in addition to his spouse’s 134,392 shares.