walter c johnsen chairman and ceo at acme united acu reported a large acquisition of company stock options on august 3 according to a new sec filing what happened a form 4 filing from the us securities and exchange commission on thursday showed that johnsen chairman and ceo at acme united a company in the industrials sector was just awarded stock options worth 25000 shares of acu the options give johnsen the right to buy the companys stock at 3047 per share acme united shares are trading up 196 at 3091 at the time of this writing on friday morning since the current price is 3091 this makes johnsens 25000 shares worth 772875 now trade stocks online commission free with charles schwab a trusted and complete investment firm insider transactions shouldnt be used primarily to make an investing decision however an insider transaction can be an important factor in the investing decision in legal terms an insider refers to any shareholder who owns at least 10 of a company this can include executives in the csuite and large hedge funds these insiders are required to let the public know of their transactions via a form 4 filing which must be filed within two business days of the transaction when a company insider makes a new purchase that is an indication that they expect the stock to rise insider sells on the other hand can be made for a variety of reasons and may not necessarily mean that the seller thinks the stock will go down investors prefer focusing on transactions that take place in the open market indicated in table i of the form 4 filing a p in box 3 indicates a purchase while s indicates a sale transaction code c indicates the conversion of an option and transaction code a indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company check out the full list of acme uniteds insider trades this article was generated by benzingas automated content engine and reviewed by an editor