O'SULLIVAN KIERAN M 4
Research Summary
AI-generated summary
CTS CORP CEO Kieran O'Sullivan Sells Shares
What Happened
Kieran O'Sullivan, President & CEO of CTS CORP (CTS), sold a total of 130,000 shares in three open-market transactions between June 1 and June 3, 2026, generating about $8.48 million in gross proceeds. The individual transactions reported were:
- 46,955 shares on 2026-06-01 at a weighted avg price of $63.31 for proceeds of $2,972,773 (prices ranged $62.07–$64.35).
- 60,388 shares on 2026-06-02 at a weighted avg price of $66.26 for proceeds of $4,001,472 (prices ranged $64.615–$66.87).
- 22,657 shares on 2026-06-03 at a weighted avg price of $66.67 for proceeds of $1,510,560 (prices ranged $66.06–$67.37).
These were sales (S) reported on Form 4.
Key Details
- Transaction dates: June 1, 2026; June 2, 2026; June 3, 2026.
- Total shares sold: 130,000; total reported proceeds ≈ $8,484,805.
- Shares owned after the transactions: not specified in the supplied summary (see the Form 4 for post-transaction holdings).
- Notable footnotes: the trades were effected pursuant to a Rule 10b5-1 trading plan adopted March 2, 2026 (F1). Each reported price is a weighted average with per-trade price ranges provided (F2–F4); the filer offers to supply detailed per-trade prices on request.
- Filing timeliness: Form 4 was filed 2026-06-03 and appears timely (within required reporting window).
Context
Sales executed under a Rule 10b5-1 plan are prearranged and commonly used by insiders to systematically sell shares; they do not, by themselves, indicate a change in the insider’s view of the company. For retail investors, purchases are generally more informative as a positive signal; these are routine, preplanned sales disclosed for transparency.