Item 5. OTHER INFORMATION
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Item 5. OTHER INFORMATION
OTHER INFORMATION
Rule 10b5-1 Trading Arrangements
During the three months ended March 30, 2024, (i)
Michael S. Ettinger
, the Company’s
Executive Vice President
and Chief Operating Officer
, and (ii)
Walter Siegel
, the Company’s
Senior Vice President and Chief Legal Officer
,
each
adopted
a Rule10b5-1 trading arrangement which is a trading plan for
the future sale of securities that is
intended to satisfy the affirmative defense of Exchange Act
Rule
10b5
-1(c), as well as the requirements of the
Company’s insider trading policy. Each plan is subject to an initial “cooling off” period during which there may be
no transactions between the adoption date and a date that is the later of 90 days
or two business days following the
Company’s filing of its next quarterly report on Form 10-Q or Annual Report on form 10-K.
On
March 4, 2024
,
Mr. Ettinger adopted the trading plan to sell a total of
12,240
shares based on limit orders at a specified price, with
a term through
March 4, 2025
.
On
March 7, 2024
, Mr. Siegel adopted the trading plan to sell
4,134
shares based on
a limit order at a specified price, with a term through
March 7, 2025
.
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