NAPCO Security Technologies (NSSC) executive Spinelli acquired 35,928 shares at $10.02
Insider transactions reported
Stephen M Spinelli (Senior Vice President of Sales at NAPCO Security Technologies Inc., NSSC) reported that they acquired 35,928 shares at $10.02, and gave up 8,000 shares at $45.00 to cover taxes or an exercise price on Feb 9, 2024. After these transactions the filing shows 27,928 shares held directly.
- Reporting person
- Spinelli Stephen M
- Role
- Senior Vice President of Sales
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Feb 9, 2024 | Exercise or conversion of a derivative (M) | Common Stock | +35,928 | $10.02 | $360K | 35,928 direct |
| Feb 9, 2024 | Shares withheld for taxes or exercise price (F) | Common Stock1 | -8,000 | $45.00 | $360K | 27,928 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Feb 9, 2024 | Exercise or conversion of a derivative (M) | Employee Stock Option (Right to Buy)On 35,928 Common Stock2 | -35,928 | - | - | 23,952 direct |
Holdings before and after
- Common Stock: 0 to 27,928 direct
- Employee Stock Option (Right to Buy): 59,880 to 23,952 direct
Footnotes from the filing
- 1. Represents shares owned by the reporting person and used to pay the exercise price.
- 2. Currently exercisable to the extent of 35,928 shares. Exercisable, cumulatively, at 20% per year commencing April 30, 2021.
- 3. Exercisable, cumulatively, at 20% per year commencing August 25, 2022.
Transaction codes in this filing
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
- Shares withheld for taxes or exercise price:
- Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.
FAQ
What did Spinelli report in this NSSC Form 4?
Stephen M Spinelli (Senior Vice President of Sales at NAPCO Security Technologies Inc., NSSC) reported that they acquired 35,928 shares at $10.02, and gave up 8,000 shares at $45.00 to cover taxes or an exercise price on Feb 9, 2024. After these transactions the filing shows 27,928 shares held directly.
How many NSSC shares does Spinelli hold after this filing?
The filing shows 27,928 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code M mean on an SEC Form 4?
Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
Historical context for NSSC
Earlier insider filings at NSSC
- Feb 12, 2024Carrieri Michael exercised 4,000 units of NAPCO Security Technologies at a strike of $26.94, sold $238,784 worth of NAPCO Security Technologies (5,200 units at $45.92) and covered exercise/tax liability with 2,395 units of NAPCO Security Technologies, decreasing direct ownership by 19% to 15,837 units (SEC Form 4)
- Feb 12, 2024Beeber Paul Stephen exercised 1,500 shares at a strike of $22.93 and covered exercise/tax liability with 792 shares, increasing direct ownership by 82% to 1,568 units (SEC Form 4)
- Jan 4, 2024Beeber Paul Stephen exercised 1,600 shares at a strike of $15.27, covered exercise/tax liability with 740 shares and sold $254,553 worth of shares (8,501 units at $29.94), decreasing direct ownership by 90% to 860 units (SEC Form 4)
- Dec 15, 2023Carrieri Michael exercised 31,600 units of NAPCO Security Technologies at a strike of $22.13 and covered exercise/tax liability with 20,568 units of NAPCO Security Technologies, increasing direct ownership by 131% to 19,432 units (SEC Form 4)
- Jun 6, 2023SEC Form 4 filed by Beeber Paul Stephen
- Market cap
- 30-day
- Sector
- Telecommunications
- Industry
- Telecommunications Equipment
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