Western Asset Bond Fund Share of Beneficial Interest (WEA) director Olson sold 18,000 shares for $202K at $11.20
Insider transactions reported
Ronald L Olson (director at Western Asset Bond Fund Share of Beneficial Interest, WEA) reported that they sold 18,000 shares for $202K at $11.20 on Jan 20, 2023. After these transactions the filing shows 2,000 shares held directly.
- Reporting person
- Olson Ronald L
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Jan 20, 2023 | Open-market sale (S) | Common Stock1 | -18,000 | $11.20 | $202K | 2,000 direct |
Holdings before and after
- Common Stock: 20,000 to 2,000 direct
Footnotes from the filing
- 1. The transaction reported herein may be deemed to be matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, against the acquisition of the Fund's common stock previously reported by the Reporting Person on December 23, 2022. The Fund discovered the potential matchable transactions and has requested that the Reporting Person agree to disgorge any profits deemed realized from such transactions. The Reporting Person has agreed to voluntarily disgorge to the Fund the full amount of the profit realized from such transactions, which amounted to less than $100.
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
FAQ
What did Olson report in this WEA Form 4?
Ronald L Olson (director at Western Asset Bond Fund Share of Beneficial Interest, WEA) reported that they sold 18,000 shares for $202K at $11.20 on Jan 20, 2023. After these transactions the filing shows 2,000 shares held directly.
How many WEA shares does Olson hold after this filing?
The filing shows 2,000 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this WEA insider sale made under a 10b5-1 plan?
The filing's footnotes do not mention a Rule 10b5-1 trading plan.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for WEA
Earlier insider filings at WEA
- Market cap
- 30-day
- Sector
- Finance
- Industry
- Trusts Except Educational Religious and Charitable
- Listed since
- 2002
Follow WEA and get a push notification the moment its next story breaks.