Photronics (PLAB) director sells 10,000 shares, holds 375,850 after trade
Rhea-AI Filing Summary
Photronics Inc. director Lee Kang Jyh reported an open-market sale of 10,000 shares of common stock at $45.10 per share. After this transaction, Lee directly holds 375,850 shares of Photronics common stock, indicating he retains a substantial continuing ownership stake in the company.
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Insights
Director sells 10,000 Photronics shares, retains large remaining stake.
Director Lee Kang Jyh executed an open-market sale of 10,000 shares of PHOTRONICS INC common stock at $45.10 per share. The transaction is classified with code S, meaning it was a standard market or private sale rather than a grant, exercise, or tax event.
Following the sale, Lee directly holds 375,850 shares, according to the filing. This indicates the transaction represents only a portion of his disclosed holdings, which often characterizes it as routine portfolio or liquidity management rather than a transformative change in ownership.
The filing shows no derivative positions in the derivativeSummary, and there are no footnotes describing a Rule 10b5-1 trading plan or indirect ownership structures. Future company filings may provide additional context if Lee’s ownership position changes further over time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | COMMON STOCK | 10,000 | $45.10 | $451K |