Hart Richard Jonathan 4
Research Summary
AI-generated summary
Acadian Asset Management CLO/CAO Richard J. Hart Sells Shares
What Happened
Richard Jonathan Hart, Chief Legal Officer and Chief Administrative Officer of Acadian Asset Management Inc., reported selling a total of 100,000 shares on May 4, 2026 in two open-market transactions. He sold 88,792 shares at a weighted-average price of $66.87 for proceeds of $5,937,938, and 11,208 shares at a weighted-average price of $67.73 for proceeds of $759,083 — total proceeds about $6,697,021. These were disposals (sales), which are often routine insider liquidity events.
Key Details
- Transaction date (reported): May 4, 2026; Form 4 filed May 5, 2026 (appears timely).
- Trades reported: 88,792 shares at $66.87 (weighted avg; prices ranged $66.55–$67.47 per footnote F1); 11,208 shares at $67.73 (weighted avg; prices ranged $67.56–$67.84 per footnote F2).
- Total shares sold: 100,000; total proceeds: ~$6.70 million.
- Shares owned after transaction: not shown in the excerpt provided.
- Footnotes: weighted-average prices reported; filing states the reporting person will provide a per-trade breakdown on request. No 10b5-1 plan or other special instructions are indicated in the provided data.
Context
This filing documents an outright sale (dispersion of shares), not a purchase or option exercise. Sales by officers can be routine (personal liquidity, diversification, tax planning) and do not by themselves indicate company performance or insider sentiment. The filing’s footnotes note multiple transactions at slightly different prices; the total reported amounts are weighted averages.