Perkins Abigail H 4
Research Summary
AI-generated summary
StoneX (SNEX) CIO Abigail Perkins Exercises Options, Sells 8,000 Shares
What Happened
- Abigail H. Perkins, Chief Information Officer of StoneX Group Inc. (SNEX), exercised 8,000 stock options at a strike of $27.58 on Feb 13, 2026 (cost $220,640) and immediately sold 8,000 common shares in an open-market sale at an average price of $126.72 for gross proceeds of $1,013,729. The filing also shows a derivative disposition of 8,000 units at $0.00, which reflects the cancellation/transfer of the exercised derivative instrument.
Key Details
- Transaction date: February 13, 2026; Form 4 filed: February 18, 2026 (filed one business day after the typical two-business-day deadline for Form 4s; Feb 16 was a market holiday).
- Exercise (derivative, code M): 8,000 shares acquired at $27.58 each = $220,640.
- Sale (open market, code S): 8,000 shares sold at an average $126.72 = $1,013,729 (Footnote F1: the sale price shown is an average; the filer can provide per-share prices on request).
- Derivative disposition: 8,000 units shown disposed at $0.00, consistent with the options being exercised and extinguished.
- Shares owned after the transactions: not specified in the filing.
- Net proceeds (sale less exercise cost, before taxes/fees): approximately $793,089.
Context
- This was a cashless-style outcome: Perkins exercised options and sold the resulting shares the same day, a common practice for insiders to monetize equity while covering the option cost and tax obligations. Such sales are routine and do not, by themselves, indicate management’s long-term view of the company.