Form 4: Donaldson CEO Reports Significant Stock Transactions

Donaldson Co. CEO Tod E. Carpenter reported an acquisition of 36,296 shares and a disposition of 17,858 shares of common stock, increasing his net direct beneficial ownership.

Summary

• Tod E. Carpenter, Chairman, President, and CEO of Donaldson Co. Inc. (DCI), reported changes in his beneficial ownership of the company's common stock.
• On September 25, 2025, Carpenter acquired 36,296 shares of common stock at a price of $0 per share, likely through an equity grant.
• On the same date, he disposed of 17,858 shares of common stock at a price of $80.04 per share.
• Following these transactions, Carpenter's direct beneficial ownership of common stock stands at 298,699 shares.
• Additionally, Carpenter holds indirect beneficial ownership of 11,079 shares and 11,815 shares through two separate Benefit Plan Trusts.
• The net effect of the reported direct transactions is an increase of 18,438 shares in Carpenter's direct beneficial ownership.

Sentiment

Score: 7

Explanation: The net increase in the CEO's direct beneficial ownership, primarily through an equity grant, indicates a positive alignment of management's interests with shareholders and suggests confidence in the company's future prospects.

Positives

• The CEO acquired a substantial number of shares (36,296) at a price of $0, indicating an equity grant that aligns management's interests with shareholders.
• There was a net increase of 18,438 shares in the CEO's direct beneficial ownership after accounting for both acquisition and disposition, signaling continued confidence in the company.

Negatives

• The disposition of 17,858 shares, while potentially for tax purposes, represents a reduction in direct holdings.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing reports an insider transaction and does not provide information related to broader industry trends or competitor activities.

Stakeholder Impact

• Shareholders may view the net increase in the CEO's direct ownership as a positive signal of management's commitment and belief in the company's value.

Key Dates

Recommendation

The net increase in the CEO's direct beneficial ownership, primarily through an equity grant, indicates continued alignment of management's interests with shareholders. However, the disposition of a portion of shares, likely for tax purposes, is a common practice and does not necessarily signal a negative outlook. Without broader financial context, a 'hold' recommendation is prudent, acknowledging the positive signal of increased insider ownership while awaiting further comprehensive financial disclosures.

Keywords

Donaldson Co Inc, DCI, Tod E. Carpenter, Insider Transaction, Form 4, CEO Stock, Equity Grant, Beneficial Ownership