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Insider Trading Arrangements
 3 Months Ended 6 Months Ended
Jun. 29, 2024
shares
Jun. 29, 2024
shares
ecd_TradingArrByIndTable    
Material Terms of Trading Arrangement [Text Block]  

Item 5.          Other Information.

 

Rule 10b5-1 Trading Plans

 

Our directors and executive officers may purchase or sell shares of our common stock in the market from time to time, including pursuant to equity trading plans adopted in accordance with Rule 10b5-1 under the Exchange Act and in compliance with guidelines specified by our insider trading policy. In accordance with Rule 10b5-1 and our insider trading policy, directors, officers and certain employees who, at such time, are not in possession of material non-public information are permitted to enter into written plans that pre-establish amounts, prices and dates (or formula for determining the amounts, prices and dates) of future purchases or sales of our stock, including shares acquired pursuant to our equity incentive plans. Under a Rule 10b5-1 trading plan, a broker executes trades pursuant to parameters established by the director or executive officer when entering into the plan, without further direction from them. The use of these trading plans permits asset diversification as well as personal financial and tax planning. Our directors and executive officers may also buy or sell additional shares outside of a Rule 10b5-1 plan when they are not in possession of material nonpublic information, subject to compliance with SEC rules, the terms of our insider trading policy and certain minimum holding requirements. The following table shows the Rule 10b5-1 trading plans intended to satisfy the affirmative defense conditions of Rule 10b-1(c) adopted or terminated by our directors and executive officers during the second quarter of 2024.

 

   

Plan

 

Plan

 

Expiration

 

Number of Shares

 

Name and Position

 

Action

 

Adoption Date

 

Date

 

to be Sold under Plan

Christopher G. Bohrson, Senior Vice President & Chief Customer Officer

 

Adoption

 

5/17/2024

 

5/16/2025

 

2,000

William E. Bendush, Director (1)

 

Adoption

 

5/30/2024

 

5/30/2025

 

6,800

 

(1)

This 10b5-1 trading arrangement was adopted by William E. Bendush, as Trustee of the Bendush Living Trust DTD 3/25/87.

 

During the second quarter of 2024, none of our directors or executive officers terminated a Rule 10b5-1 trading plan or adopted or terminated a non-Rule 10b5-1 trading arrangement (each term as defined in Item 408 of Regulation S-K).
Non-Rule 10b5-1 Arrangement Adopted [Flag] false  
Non-Rule 10b5-1 Arrangement Terminated [Flag] false  
Rule 10b5-1 Arrangement Terminated [Flag] false  
Christopher G. Bohrson [Member]    
ecd_TradingArrByIndTable    
Trading Arrangement Adoption Date 5/17/2024  
Trading Arrangement, Securities Aggregate Available Amount 2,000 2,000
Trading Arrangement, Individual Name Christopher G. Bohrson  
Trading Arrangement, Individual Title Senior Vice President & Chief Customer Officer  
Rule 10b5-1 Arrangement Adopted [Flag] true  
William E. Bendush [Member]    
ecd_TradingArrByIndTable    
Trading Arrangement Adoption Date 5/30/2024  
Trading Arrangement, Securities Aggregate Available Amount 6,800 6,800
Trading Arrangement, Individual Name William E. Bendush  
Trading Arrangement, Individual Title Director  
Rule 10b5-1 Arrangement Adopted [Flag] true