February 24, 2024 · Form 4 insider transaction
Reid Kevin B. Sr sold 3,569 shares of STURM RUGER & CO INC at $43.13 per share, a transaction worth $153.9K. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 3 days after the transaction.
On February 24, 2021, the reporting person was granted 3,569 cash-settled restricted stock units pursuant to Rule 16b-3, which vested on the third anniversary of the grant. Each cash-settled restricted stock unit represents the contingent right to receive the fair market value of one share of the issuer's common stock on the date of vesting. Vesting of cash-settled restricted stock units is reported in Table I as a deemed acquisition and disposition of the number of shares of common stock underlying such vested restricted stock units.