Maximus (MMS) director John Haley records 32,764-share trust transfers
Rhea-AI Filing Summary
Maximus, Inc. director John J. Haley reported non-cash transfers of company stock involving personal and trust holdings. On
Following these transactions, Haley directly held 39,971.489 shares of Maximus common stock and indirectly held 32,764 shares through the revocable trust and 71,132 shares through the John J. Haley Grantor Retained Annuity Trust Seven. A footnote explains that 32,764 shares previously held by a separate annuity trust (Trust Six) were transferred back to Haley as an annuity payment in an exempt transaction under Rule 16a-13.
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FAQ
What insider transaction did MMS director John J. Haley report on this Form 4?
John J. Haley reported non-cash transfers of Maximus (MMS) common stock on
How many MMS shares did John J. Haley transfer in the reported gift transactions?
The Form 4 shows two bona fide gift transfers of Maximus common stock, each involving 32,764 shares. One entry reflects a decrease in directly held shares, while a corresponding entry reflects indirect ownership through the John J. Haley Revocable Trust.
What are John J. Haley’s direct MMS share holdings after the reported transactions?
After the reported transactions, John J. Haley directly beneficially owned 39,971.489 shares of Maximus common stock. This figure reflects his remaining personal holdings following the non-cash gift transfer activity on
What MMS shares does John J. Haley hold indirectly through trusts after this Form 4?
Following the transactions, Haley indirectly held 32,764 shares of Maximus common stock through the John J. Haley Revocable Trust and 71,132 shares through the John J. Haley Grantor Retained Annuity Trust Seven, as disclosed in the Form 4.
How does the Form 4 describe the nature of John J. Haley’s stock transfers?
The transactions are coded “G” for bona fide gift. The filing describes non-cash movements of Maximus common stock between Haley’s direct ownership and his revocable trust, with a footnote referencing an exempt annuity-related transfer under Rule 16a-13.
What does the footnote about the Grantor Retained Annuity Trust Six explain?
The footnote states that 32,764 shares of Maximus common stock were previously reported as held by the John J. Haley Grantor Retained Annuity Trust Six and were transferred back to Haley in satisfaction of an annuity payment under Rule 16a-13.