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

Ronald Kramer, Chairman and CEO of Griffon Corp, sold 20,135 shares of common stock at a weighted average price of $70.01 on September 23, 2024.

Summary

• On September 23, 2024, Ronald J Kramer, Chairman and CEO of Griffon Corp, sold 20,135 shares of Griffon Corp common stock.
• The shares were sold at a weighted average price of $70.01, with individual transactions ranging from $70.00 to $70.07.
• Following the transaction, Kramer directly owns 2,195,131 shares.
• Kramer also indirectly owns 5,007 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. However, one sale does not necessarily indicate a negative outlook.

Stakeholder Impact

• The sale of shares by the CEO could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price in the short term.
• However, the impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates