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In a recent transaction, Dennis H. Nelson, President and CEO of Buckle Inc. (NYSE:BKE), sold a significant portion of the company’s common stock. According to the SEC filing, Nelson disposed of 15,340 shares at an average price of $39.51 per share, totaling approximately $606,058. This sale was conducted under a 10b5-1 trading plan, which was established on April 24, 2024. The transaction comes as BKE stock has declined about 21% year-to-date, with InvestingPro data indicating the stock is currently trading in oversold territory.
Following the transaction, Nelson’s indirect ownership, through a trust, now totals 1,663,035 shares. Additionally, Nelson holds shares through various other forms of indirect ownership, including by his wife and a family trust, as well as through a 401(k) plan. The reported holdings in the 401(k) plan were as of February 28, 2025. Despite recent price movements, Buckle maintains strong fundamentals with a notable 10.33% dividend yield and has maintained dividend payments for 23 consecutive years.
Investors often watch insider transactions closely for insights into the executive’s confidence in the company’s future performance. According to InvestingPro analysis, Buckle currently appears undervalued, with impressive gross profit margins of 58.92% and strong financial health metrics. For deeper insights into BKE’s valuation and 8 additional ProTips, consider exploring the comprehensive Pro Research Report.
In other recent news, Buckle Inc announced in an SEC filing the continuation of its executive compensation program, maintaining the structure used in the previous fiscal year. This program includes a competitive base salary, an incentive cash bonus linked to company performance, a comprehensive benefits package, and restricted stock awards. The incentive cash bonus is part of a Management Incentive Plan, designed to align executive compensation with shareholder value. Buckle’s President and CEO, Dennis H. Nelson, will receive a base salary of $1.3 million for fiscal 2025, while other executives have their salaries set between $635,000 and $690,000.
The 2025 Management Incentive Plan, similar to the previous year’s, includes a bonus pool based on the company’s pre-bonus net income for cash awards to key employees. Additionally, shares of Non-Vested Stock were granted to executive officers under the 2023 Employee Restricted Stock Plan, with vesting tied to specific financial targets. An amendment to the 2024 Management Incentive Plan now permits the Compensation Committee to award discretionary cash bonuses, aligning with the 2025 plan’s authority. These developments are part of Buckle’s strategy to motivate executives to enhance stockholder value.
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