FSS - Strategic Play: Lauren B Elting Acquires Federal Signal Stock Options to Portfolio | Benzinga
In a new SEC filing on May 6, it was unveiled that Elting, VP at Federal Signal (NYSE:FSS), acquired stock options for 1,710 shares.
What Happened: In a Form 4 filing with the U.S. Securities and Exchange Commission on Monday, Elting, VP at Federal Signal, acquired stock options for 1,710 shares of FSS. These options provide Elting with the right to purchase the company's stock at $82.31 per share.
As of Tuesday morning, Federal Signal shares are down by 0.0%, with a current price of $84.2. This implies that Elting's 1,710 shares have a value of $3,231.
Unveiling the Story Behind Federal Signal
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.