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Costco | 4: Statement of changes in beneficial ownership of securities-Director JELINEK W CRAIG

SEC ·  Dec 24 05:42

Summary by Futu AI

On 12/19/2024, Costco's CEO W. Craig Jelinek gifted 2,017 shares of common stock, classified as a bona fide gift transaction. The shares were disposed of at a price of $0, indicating a charitable donation or transfer to a trust.Following the transaction, Jelinek directly owns 204,365 shares of Costco common stock. Additionally, he indirectly holds 150,027 shares through various Grantor Retained Annuity Trusts (GRATs), including 96,727 shares in GRAT I, 16,650 shares each in GRAT II and III, and 10,000 shares each in GRAT IV and V.This gift transaction does not significantly alter Jelinek's substantial stake in Costco, demonstrating his continued alignment with the company's interests. The use of GRATs suggests strategic estate planning to potentially reduce tax liabilities while maintaining control over the assets.
On 12/19/2024, Costco's CEO W. Craig Jelinek gifted 2,017 shares of common stock, classified as a bona fide gift transaction. The shares were disposed of at a price of $0, indicating a charitable donation or transfer to a trust.Following the transaction, Jelinek directly owns 204,365 shares of Costco common stock. Additionally, he indirectly holds 150,027 shares through various Grantor Retained Annuity Trusts (GRATs), including 96,727 shares in GRAT I, 16,650 shares each in GRAT II and III, and 10,000 shares each in GRAT IV and V.This gift transaction does not significantly alter Jelinek's substantial stake in Costco, demonstrating his continued alignment with the company's interests. The use of GRATs suggests strategic estate planning to potentially reduce tax liabilities while maintaining control over the assets.

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