Germond Philippe 4
Research Summary
AI-generated summary
Unisys Director Philippe Germond Sells 16,080 Shares
What Happened
- Philippe Germond, a director of Unisys Corp. (UIS), sold 16,080 shares in an open-market transaction on May 15, 2026. The weighted-average price was $3.02 per share, producing gross proceeds of approximately $48,618. This was a sale (disposition), which is commonly a routine liquidity event rather than a signal of company performance.
Key Details
- Transaction date: May 15, 2026 (reported on Form 4 filed May 19, 2026).
- Sale details: 16,080 shares sold; weighted-average price $3.02; prices in the execution range $3.00–$3.075 (per footnote).
- Proceeds: ~ $48,618 (16,080 × $3.02).
- Shares owned after transaction: Not reported in the provided extract.
- Footnote: The price is a weighted average; the reporting person can provide a breakdown of shares sold at each price in the stated range upon request (Footnote F1).
- Filing timeliness: Form 4 was filed four days after the trade (May 19), which is outside the typical two-business-day window for Form 4 filings — the filing appears late.
Context
- Sales by directors are common for personal liquidity (taxes, diversification, etc.) and do not by themselves prove a change in company prospects. No option exercises, gifts, or 10b5-1 plan details were indicated in the provided filing. If you need the exact per-trade breakdown or current insider holdings, that information can be requested from Unisys or obtained from the full SEC filing.