Hill Elliott 4
Research Summary
AI-generated summary
NIKE (NKE) CEO Hill Elliott Buys 23,660 Shares
What Happened
- Hill Elliott, President & CEO of NIKE, bought 23,660.235 shares of NIKE common stock in an open-market purchase on 2026-04-13 at $42.27 per share, for a total transaction value of $1,000,000. This was a purchase (code P), which many investors view as a potentially bullish signal since insiders are acquiring company stock.
Key Details
- Transaction date: 2026-04-13; Filing date: 2026-04-14 (timely filing).
- Price per share: $42.27; Shares acquired: 23,660.235; Total value: $1,000,000.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnote: Transaction governed by company trading policy — market trades by officers/directors are allowed only after the first full trading day after quarterly earnings release and through the 14th day of the third month of the following fiscal quarter, unless executed under an approved 10b5-1 plan (no 10b5-1 plan was indicated).
- Transaction code: P = Purchase.
Context
- This was an open-market buy, not an option exercise, grant, or gift. The filing shows a routine, permitted insider purchase under company policy and was filed promptly the next day. As always, purchases by executives disclose their market activity but do not by themselves explain the insider’s motivations.
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