CEO Richard Tobin Sells $17.9M in Open Market Shares Following Option Exercise
DOV sits 63% above its 52-week low of $143.04.
Summary
Dover's CEO, Richard J. Tobin, sold approximately $17.9 million in company stock on the open market, alongside other dispositions totaling $48.9 million, following an option exercise.
Key Events · Ownership and Investor Activity · DOV
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CEO Sells Shares on Open Market
Richard J. Tobin, Chairman, President, and CEO, sold 76,997 shares of common stock in the open market for a total value of approximately $17.9 million at an average price of $232.70 per share.
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Significant Total Dispositions
In addition to the open market sale, Mr. Tobin disposed of 61,239 shares valued at $14.2 million for tax withholding and 72,422 shares valued at $16.8 million back to the issuer, bringing the total value of shares disposed to approximately $48.9 million.
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Option Exercise Preceded Sales
These dispositions followed the exercise of 210,658 stock appreciation rights (SARs) on the same day, indicating the shares were acquired through this compensation event.
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Holdings Reduced
Post-transaction, Mr. Tobin's direct holdings decreased to 217,979 shares.
Analysis · DOV · Technology
This Form 4 filing indicates a significant reduction in direct holdings by Dover's Chairman, President, and CEO, Richard J. Tobin. While a portion of the disposition was for tax withholding and return to the issuer, the open market sale of nearly $18 million is a discretionary action. This substantial sale by a key executive, occurring near the company's 52-week high, could be interpreted by investors as profit-taking. The transactions followed the exercise of stock appreciation rights, suggesting the shares were acquired through compensation and then partially liquidated.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DOV was trading at $233.00 on NYSE in the Technology sector, with a market capitalization of approximately $31.5B. The 52-week trading range was $143.04 to $237.54. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.