FSS - Mark Weber Makes A Tactical Move: Adds Federal Signal Stock Options To Portfolio | Benzinga
A substantial acquisition of company stock options by Mark Weber, SVP & COO at Federal Signal (NYSE:FSS) was reported on May 6, based on a new SEC filing.
What Happened: In a Form 4 filing with the U.S. Securities and Exchange Commission on Monday, Weber, SVP & COO at Federal Signal, acquired stock options for 10,254 shares of FSS. These options provide Weber with the right to purchase the company's stock at $82.31 per share.
The Tuesday morning market activity shows Federal Signal shares down by 0.0%, trading at $84.2. This implies a total value of $19,380 for Weber's 10,254 shares.
Get to Know Federal Signal Better
Federal Signal Corp designs and manufactures products and integrated solutions for municipal, governmental, industrial, and airport customers. It operates in the segments of Environmental Solutions Group and the Safety and Security Systems Group. The Environmental Solutions group manufactures and supplies street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks, high-performance water blasting equipment, dump truck bodies, and trailers. The Safety and Security Systems Group offers comprehensive systems and products such as campus and community alerting, emergency vehicles, first responder interoperable communications, and others. The company generates a majority of its revenue from the Environmental Solutions Group segment.