Form 4: Griffon Corp Chairman and CEO Ronald Kramer Sells Shares

Ronald Kramer, Chairman and CEO of Griffon Corp, sold 6,532 shares of common stock on October 16, 2024.

Summary

• On October 16, 2024, Ronald J Kramer, Chairman and CEO of Griffon Corporation, sold 6,532 shares of Griffon Corp (GFF) common stock.
• The sale was executed at a weighted average price of $70.06 per share, with individual transactions ranging from $70.00 to $70.18.
• Following the transaction, Kramer directly owns 2,169,667 shares of Griffon Corp common stock.
• Kramer also indirectly owns 5,018 shares through an ESOP and 40,298 shares through his spouse and children.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of an insider transaction. The sale itself doesn't necessarily indicate a positive or negative outlook.

Industry Context

This is a routine disclosure of an insider transaction. It's important to monitor insider activity as it can provide insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price in the short term.

Key Dates