Officer Ronald J. Kramer Files Intent to Sell $9.08M in Stock
GFF sits 44% above its 52-week low of $65.01.
Summary
A key executive at Griffon Corp, Ronald J. Kramer, has filed to sell $9.08 million worth of company stock, signaling a significant insider disposition.
Key Events · Ownership and Investor Activity · GFF
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Officer Files Intent to Sell Shares
Ronald J. Kramer, a Director and Officer, intends to sell 100,000 shares of common stock.
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Significant Transaction Value
The proposed sale is valued at approximately $9.08 million.
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Shares Acquired via Vesting
The shares were acquired through the vesting of restricted stock on January 30, 2024.
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Trading Near 52-Week High
This intent to sell comes as the company's stock is trading near its 52-week high of $97.58.
Analysis · GFF · Manufacturing
Ronald J. Kramer, a Director and Officer, has filed a Form 144 indicating his intent to sell 100,000 shares of common stock, valued at approximately $9.08 million. This proposed sale represents a notable disposition by a key executive, especially as the stock is trading near its 52-week high following recent positive news regarding joint ventures and strong Q2 results. The shares were acquired through the vesting of restricted stock in January 2024.
At the time of this filing, GFF was trading at $93.72 on NYSE in the Manufacturing sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $65.01 to $97.58. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.