Blackmore Milton C 4/A
Research Summary
AI-generated summary
Innospec (IOSP) Director Milton Blackmore Sells 594 Shares
What Happened
Milton C. Blackmore, a director of Innospec Inc. (IOSP), sold a total of 594 shares in open‑market transactions on February 27, 2026. The Form 4/A reports two lots: 287 shares at a weighted‑average price of $76.30 (proceeds $21,898) and 307 shares at a weighted‑average price of $76.79 (proceeds $23,575), totaling approximately $45,473. This was a sale (not a purchase), which is common insider activity and not, by itself, a clear signal about company prospects.
Key Details
- Transaction date: 2026‑02‑27 (open‑market sales).
- Reported prices (weighted averages): $76.30 for 287 shares; $76.79 for 307 shares.
- Price ranges (per footnotes): first lot sold across $75.5001–$76.55; second lot across $76.555–$77.0713. The Form 4/A notes the reported prices are weighted averages and that the filer will provide a full breakdown on request.
- Proceeds: about $21,898 + $23,575 = $45,473 total.
- Filing status: This is an amended Form 4/A filed 2026‑03‑06 correcting transaction prices; the original Form 4 was filed on March 3, 2026.
- Shares owned after transaction: not specified in the provided excerpt—check the full Form 4/A for post‑sale holdings.
- No 10b5‑1 plan, tax‑withholding, gift, or option exercise is indicated in the information provided.
Context
Sales by directors can be routine (portfolio rebalancing, diversification, tax/liquidity needs) and do not necessarily reflect insider opinion of the company. The amendment here corrects how prices were reported (using weighted averages) and supplies ranges of execution prices; the filer offers to provide the detailed per‑trade breakdown to the SEC or other parties on request.