[8-K] Flutter Entertainment plc Reports Material Event
Chief Legal Officer Laureen Seeger disclosed significant insider activity in American Express (AXP) on Form 4 for 5-6 Aug 2025.
- 5 Aug: open-market sales of 39,383 shares at $297.24 and 22,338 shares at $297.88.
- 6 Aug: exercised 16,998 options at $177.06, immediately selling the same 16,998 shares at $294.83.
Total shares sold: 78,719 for gross proceeds of 鈮� $23.4 million. After paying 鈮� $3.0 million to exercise options, net cash realized is roughly $20.4 million.
Seeger鈥檚 direct holding fell from about 70,721 to 9,000.908 shares鈥攁n 87% reduction鈥攚hile all reported options were fully exercised, leaving no remaining derivative securities.
Sales were executed under a Rule 10b5-1 trading plan (box checked). Weighted-average pricing details and dividend-reinvestment shares are disclosed in the footnotes.
La Chief Legal Officer Laureen Seeger ha comunicato un'attivit脿 significativa di insider trading in American Express (AXP) tramite il Modulo 4 per il periodo 5-6 agosto 2025.
- 5 agosto: vendite sul mercato aperto di 39.383 azioni a 297,24$ e 22.338 azioni a 297,88$.
- 6 agosto: esercitate 16.998 opzioni a 177,06$, vendendo immediatamente le stesse 16.998 azioni a 294,83$.
Totale azioni vendute: 78.719 per un ricavo lordo di circa 23,4 milioni di dollari. Dopo aver pagato circa 3,0 milioni per l'esercizio delle opzioni, il ricavo netto in contanti 猫 di circa 20,4 milioni di dollari.
La partecipazione diretta di Seeger 猫 scesa da circa 70.721 a 9.000,908 azioni, una riduzione dell'87%, mentre tutte le opzioni segnalate sono state completamente esercitate, non lasciando alcun titolo derivato residuo.
Le vendite sono state effettuate nell'ambito di un piano di trading Rule 10b5-1 (casella selezionata). I dettagli sul prezzo medio ponderato e le azioni reinvestite con dividendi sono riportati nelle note a pi猫 di pagina.
La Directora Jur铆dica Laureen Seeger revel贸 una actividad significativa de insider trading en American Express (AXP) mediante el Formulario 4 para los d铆as 5-6 de agosto de 2025.
- 5 de agosto: ventas en mercado abierto de 39,383 acciones a $297.24 y 22,338 acciones a $297.88.
- 6 de agosto: ejerci贸 16,998 opciones a $177.06, vendiendo inmediatamente las mismas 16,998 acciones a $294.83.
Total de acciones vendidas: 78,719 por ingresos brutos de aproximadamente $23.4 millones. Despu茅s de pagar cerca de $3.0 millones para ejercer las opciones, el efectivo neto obtenido es aproximadamente $20.4 millones.
La tenencia directa de Seeger cay贸 de aproximadamente 70,721 a 9,000.908 acciones, una reducci贸n del 87%, mientras que todas las opciones reportadas fueron completamente ejercidas, dejando 苍颈苍驳煤苍 valor derivado restante.
Las ventas se realizaron bajo un plan de trading Rule 10b5-1 (casilla marcada). Los detalles del precio promedio ponderado y las acciones reinvertidas con dividendos se revelan en las notas al pie.
氩曤齑濌磩 毂呾瀯鞛� 搿滊Π 鞁滉卑(Laureen Seeger)臧� 2025雲� 8鞗� 5鞚茧秬韯� 6鞚缄箤歆� 氙戈淡 鞚奠姢頂勲爤鞀�(AXP) 雮措秬鞛� 瓯半灅 雮挫棴鞚� Form 4鞐� 瓿奠嫓頄堨姷雼堧嫟.
- 8鞗� 5鞚�: 瓿店皽 鞁滌灔鞐愳劀 39,383欤茧ゼ 欤茧嫻 $297.24鞐�, 22,338欤茧ゼ 欤茧嫻 $297.88鞐� 毵る弰.
- 8鞗� 6鞚�: 16,998 鞓奠厴鞚� 頄夓偓臧� $177.06鞐� 頄夓偓頃橁碃, 臧欖潃 16,998欤茧ゼ 歃夓嫓 欤茧嫻 $294.83鞐� 毵る弰.
齑� 毵る弰 欤检嫕 靾�: 78,719欤�, 齑� 毵れ稖 鞎� 2,340毵� 雼煬. 鞓奠厴 頄夓偓鞐� 鞎� 300毵� 雼煬毳� 歆�攵堩暅 頉� 靾滍槃旮堨潃 鞎� 2,040毵� 雼煬鞛呺媹雼�.
鞁滉卑鞚� 歆侅爲 氤挫湢 欤检嫕鞚� 鞎� 70,721欤检棎靹� 9,000.908欤茧 87% 臧愳唽頄堨溂氅�, 氤搓碃霅� 氇摖 鞓奠厴鞚� 鞕勳爠頌� 頄夓偓霅橃柎 雮晞鞛堧姅 韺岇儩歃濌秾鞚� 鞐嗢姷雼堧嫟.
毵る弰電� Rule 10b5-1 瓯半灅 瓿勴殟鞐� 霐半澕 鞁ろ枆霅橃棃鞙茧┌(頃措嫻 氚曥姢 觳错伂霅�), 臧�欷戫弶攴� 臧�瓴� 靹鸽秬靷暛瓿� 氚半嫻旮� 鞛埇鞛� 欤检嫕鞚� 臧侅＜鞐� 氇呾嫓霅橃柎 鞛堨姷雼堧嫟.
La Chief Legal Officer Laureen Seeger a divulgu茅 une activit茅 importante d'initi茅s chez American Express (AXP) via le formulaire 4 pour les 5 et 6 ao没t 2025.
- 5 ao没t : ventes sur le march茅 libre de 39 383 actions 脿 297,24 $ et de 22 338 actions 脿 297,88 $.
- 6 ao没t : exercice de 16 998 options 脿 177,06 $, suivie de la vente imm茅diate des m锚mes 16 998 actions 脿 294,83 $.
Total d'actions vendues : 78 719 pour un produit brut d'environ 23,4 millions de dollars. Apr猫s avoir pay茅 environ 3 millions pour l'exercice des options, le montant net encaiss茅 est d'environ 20,4 millions de dollars.
La d茅tention directe de Seeger est pass茅e d'environ 70 721 脿 9 000,908 actions, soit une r茅duction de 87 %, tandis que toutes les options d茅clar茅es ont 茅t茅 enti猫rement exerc茅es, ne laissant aucun titre d茅riv茅 restant.
Les ventes ont 茅t茅 effectu茅es dans le cadre d'un plan de trading Rule 10b5-1 (case coch茅e). Les d茅tails sur le prix moyen pond茅r茅 et les actions r茅investies par dividendes sont indiqu茅s en notes de bas de page.
Chief Legal Officer Laureen Seeger meldete bedeutende Insideraktivit盲ten bei American Express (AXP) im Formular 4 f眉r den Zeitraum 5.鈥�6. August 2025.
- 5. August: Offene Marktverk盲ufe von 39.383 Aktien zu je 297,24 $ und 22.338 Aktien zu je 297,88 $.
- 6. August: Aus眉bung von 16.998 Optionen zu 177,06 $, sofortiger Verkauf derselben 16.998 Aktien zu 294,83 $.
Insgesamt verkaufte Aktien: 78.719 mit Bruttoerl枚sen von ca. 23,4 Millionen Dollar. Nach Zahlung von ca. 3,0 Millionen Dollar f眉r die Aus眉bung der Optionen betr盲gt der Nettobetrag etwa 20,4 Millionen Dollar.
Seegers Direktbestand sank von etwa 70.721 auf 9.000,908 Aktien 鈥� eine Reduzierung um 87 % 鈥� w盲hrend alle gemeldeten Optionen vollst盲ndig ausge眉bt wurden, sodass keine Derivate mehr verbleiben.
Die Verk盲ufe erfolgten im Rahmen eines Rule 10b5-1 Trading-Plans (entsprechendes K盲stchen angekreuzt). Angaben zum gewichteten Durchschnittspreis und zu Dividenden-Reinvestitionsaktien finden sich in den Fu脽noten.
- Rule 10b5-1 plan indicates pre-arranged trades, reducing perception of opportunistic timing.
- Full transparency on weighted-average price ranges and dividend-reinvestment shares fulfills governance best practices.
- 78,719 shares sold in two days represents an 87% reduction in the CLO鈥檚 stake, a potential negative sentiment signal.
- Net cash gain 鈮� $20 m and minimal remaining ownership may weaken executive-shareholder alignment.
Insights
TL;DR: Major insider sale鈥�78.7k shares sold; stake cut to 9k; signals reduced personal exposure.
The magnitude and timing of the sales鈥斺増$23 m in two days鈥攊ndicate deliberate diversification rather than routine liquidity. Although trades were under a pre-arranged 10b5-1 plan, the 87% reduction materially lessens alignment between the CLO and shareholders. The near-market-high prices ($294-$298) suggest opportunistic execution. No options remain, removing future dilution but also eliminating insider option-driven incentives. Historically, large officer disposals have correlated with near-term relative under-performance for AXP; investors may view this as a mild negative sentiment signal.
TL;DR: Transaction is compliant and transparent, but optics of steep share reduction are unfavorable.
Filing satisfies Section 16 disclosure, includes weighted-average price ranges, and references a 10b5-1 plan, meeting governance best practices. However, key executives retaining only 9k shares could raise questions about long-term commitment, particularly as Seeger is a Section 16 officer. Boards often encourage higher ownership thresholds to reinforce alignment; investors may push for updated ownership guidelines.
La Chief Legal Officer Laureen Seeger ha comunicato un'attivit脿 significativa di insider trading in American Express (AXP) tramite il Modulo 4 per il periodo 5-6 agosto 2025.
- 5 agosto: vendite sul mercato aperto di 39.383 azioni a 297,24$ e 22.338 azioni a 297,88$.
- 6 agosto: esercitate 16.998 opzioni a 177,06$, vendendo immediatamente le stesse 16.998 azioni a 294,83$.
Totale azioni vendute: 78.719 per un ricavo lordo di circa 23,4 milioni di dollari. Dopo aver pagato circa 3,0 milioni per l'esercizio delle opzioni, il ricavo netto in contanti 猫 di circa 20,4 milioni di dollari.
La partecipazione diretta di Seeger 猫 scesa da circa 70.721 a 9.000,908 azioni, una riduzione dell'87%, mentre tutte le opzioni segnalate sono state completamente esercitate, non lasciando alcun titolo derivato residuo.
Le vendite sono state effettuate nell'ambito di un piano di trading Rule 10b5-1 (casella selezionata). I dettagli sul prezzo medio ponderato e le azioni reinvestite con dividendi sono riportati nelle note a pi猫 di pagina.
La Directora Jur铆dica Laureen Seeger revel贸 una actividad significativa de insider trading en American Express (AXP) mediante el Formulario 4 para los d铆as 5-6 de agosto de 2025.
- 5 de agosto: ventas en mercado abierto de 39,383 acciones a $297.24 y 22,338 acciones a $297.88.
- 6 de agosto: ejerci贸 16,998 opciones a $177.06, vendiendo inmediatamente las mismas 16,998 acciones a $294.83.
Total de acciones vendidas: 78,719 por ingresos brutos de aproximadamente $23.4 millones. Despu茅s de pagar cerca de $3.0 millones para ejercer las opciones, el efectivo neto obtenido es aproximadamente $20.4 millones.
La tenencia directa de Seeger cay贸 de aproximadamente 70,721 a 9,000.908 acciones, una reducci贸n del 87%, mientras que todas las opciones reportadas fueron completamente ejercidas, dejando 苍颈苍驳煤苍 valor derivado restante.
Las ventas se realizaron bajo un plan de trading Rule 10b5-1 (casilla marcada). Los detalles del precio promedio ponderado y las acciones reinvertidas con dividendos se revelan en las notas al pie.
氩曤齑濌磩 毂呾瀯鞛� 搿滊Π 鞁滉卑(Laureen Seeger)臧� 2025雲� 8鞗� 5鞚茧秬韯� 6鞚缄箤歆� 氙戈淡 鞚奠姢頂勲爤鞀�(AXP) 雮措秬鞛� 瓯半灅 雮挫棴鞚� Form 4鞐� 瓿奠嫓頄堨姷雼堧嫟.
- 8鞗� 5鞚�: 瓿店皽 鞁滌灔鞐愳劀 39,383欤茧ゼ 欤茧嫻 $297.24鞐�, 22,338欤茧ゼ 欤茧嫻 $297.88鞐� 毵る弰.
- 8鞗� 6鞚�: 16,998 鞓奠厴鞚� 頄夓偓臧� $177.06鞐� 頄夓偓頃橁碃, 臧欖潃 16,998欤茧ゼ 歃夓嫓 欤茧嫻 $294.83鞐� 毵る弰.
齑� 毵る弰 欤检嫕 靾�: 78,719欤�, 齑� 毵れ稖 鞎� 2,340毵� 雼煬. 鞓奠厴 頄夓偓鞐� 鞎� 300毵� 雼煬毳� 歆�攵堩暅 頉� 靾滍槃旮堨潃 鞎� 2,040毵� 雼煬鞛呺媹雼�.
鞁滉卑鞚� 歆侅爲 氤挫湢 欤检嫕鞚� 鞎� 70,721欤检棎靹� 9,000.908欤茧 87% 臧愳唽頄堨溂氅�, 氤搓碃霅� 氇摖 鞓奠厴鞚� 鞕勳爠頌� 頄夓偓霅橃柎 雮晞鞛堧姅 韺岇儩歃濌秾鞚� 鞐嗢姷雼堧嫟.
毵る弰電� Rule 10b5-1 瓯半灅 瓿勴殟鞐� 霐半澕 鞁ろ枆霅橃棃鞙茧┌(頃措嫻 氚曥姢 觳错伂霅�), 臧�欷戫弶攴� 臧�瓴� 靹鸽秬靷暛瓿� 氚半嫻旮� 鞛埇鞛� 欤检嫕鞚� 臧侅＜鞐� 氇呾嫓霅橃柎 鞛堨姷雼堧嫟.
La Chief Legal Officer Laureen Seeger a divulgu茅 une activit茅 importante d'initi茅s chez American Express (AXP) via le formulaire 4 pour les 5 et 6 ao没t 2025.
- 5 ao没t : ventes sur le march茅 libre de 39 383 actions 脿 297,24 $ et de 22 338 actions 脿 297,88 $.
- 6 ao没t : exercice de 16 998 options 脿 177,06 $, suivie de la vente imm茅diate des m锚mes 16 998 actions 脿 294,83 $.
Total d'actions vendues : 78 719 pour un produit brut d'environ 23,4 millions de dollars. Apr猫s avoir pay茅 environ 3 millions pour l'exercice des options, le montant net encaiss茅 est d'environ 20,4 millions de dollars.
La d茅tention directe de Seeger est pass茅e d'environ 70 721 脿 9 000,908 actions, soit une r茅duction de 87 %, tandis que toutes les options d茅clar茅es ont 茅t茅 enti猫rement exerc茅es, ne laissant aucun titre d茅riv茅 restant.
Les ventes ont 茅t茅 effectu茅es dans le cadre d'un plan de trading Rule 10b5-1 (case coch茅e). Les d茅tails sur le prix moyen pond茅r茅 et les actions r茅investies par dividendes sont indiqu茅s en notes de bas de page.
Chief Legal Officer Laureen Seeger meldete bedeutende Insideraktivit盲ten bei American Express (AXP) im Formular 4 f眉r den Zeitraum 5.鈥�6. August 2025.
- 5. August: Offene Marktverk盲ufe von 39.383 Aktien zu je 297,24 $ und 22.338 Aktien zu je 297,88 $.
- 6. August: Aus眉bung von 16.998 Optionen zu 177,06 $, sofortiger Verkauf derselben 16.998 Aktien zu 294,83 $.
Insgesamt verkaufte Aktien: 78.719 mit Bruttoerl枚sen von ca. 23,4 Millionen Dollar. Nach Zahlung von ca. 3,0 Millionen Dollar f眉r die Aus眉bung der Optionen betr盲gt der Nettobetrag etwa 20,4 Millionen Dollar.
Seegers Direktbestand sank von etwa 70.721 auf 9.000,908 Aktien 鈥� eine Reduzierung um 87 % 鈥� w盲hrend alle gemeldeten Optionen vollst盲ndig ausge眉bt wurden, sodass keine Derivate mehr verbleiben.
Die Verk盲ufe erfolgten im Rahmen eines Rule 10b5-1 Trading-Plans (entsprechendes K盲stchen angekreuzt). Angaben zum gewichteten Durchschnittspreis und zu Dividenden-Reinvestitionsaktien finden sich in den Fu脽noten.
FAQ
How many American Express (AXP) shares did Laureen Seeger sell?
What is Seeger鈥檚 remaining AXP shareholding after the transactions?
Were the trades executed under a Rule 10b5-1 plan?
What was the option exercise price and size?
Are any derivative securities left outstanding?
