William E. Waltz, Jr., President and CEO at Atkore (NYSE:ATKR), reported a large exercise of company stock options on March 4, according to a new SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Monday revealed that Jr., President and CEO at Atkore in the Industrials sector, exercised stock options for 50,000 shares of ATKR stock. The exercise price of the options was $22.49 per share.
The latest update on Tuesday morning shows Atkore shares down by 0.0%, trading at $172.2. At this price, Jr.'s 50,000 shares are worth $7,485,696.
Discovering Atkore: A Closer Look
Atkore Inc is a diversified industrials company and a manufacturer of electrical, mechanical, and safety infrastructure solutions. Atkore has two business segments: electrical and safety and infrastructure. Net sales are highest in the electrical business line as well as in the United States. The key product categories in the electrical segment are PVC conduit, steel conduit, and PVC-coated conduit, which are staples for electrical distributors. The key product categories in the safety and infrastructure segment include in-line galvanized mechanical tube, metal framing and related fittings, and security bollards. Also, the company provides ancillary services to customers in the form of slitting and cutting structural steel sheets.
Understanding the Numbers: Atkore's Finances
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