Form 4: Griffon Corp Chairman and CEO Ronald Kramer Sells Shares
SEC Form 4 Filing
Ronald Kramer, Chairman and CEO of Griffon Corp, sold 300 shares of common stock at a weighted average price of $70.07 on October 2, 2024.
Summary
- On October 2, 2024, Ronald J Kramer, Chairman of the Board and CEO of Griffon Corp, sold 300 shares of common stock.
- The shares were sold at a weighted average price of $70.07.
- The price range for the sales was between $70.04 and $70.09.
- Following the transaction, Kramer directly owns 2,176,199 shares of 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: The document is a standard SEC filing reporting an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 10/02/2024 | Date of the transaction (sale of common stock) |
| 10/04/2024 | Date of signature for the Form 4 filing |
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