GFF.NYSEGriffon CORP

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

Sentiment:

SEC Form 4

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Ronald Kramer, Chairman and CEO of Griffon Corp, sold a portion of his holdings in two transactions on September 19 and 20, 2024.

Summary

  • Ronald J Kramer, Chairman and CEO of Griffon Corporation, reported the sale of Griffon Corp [GFF] shares.
  • On September 19, 2024, Kramer sold 39,247 shares at a weighted average price of $70.03.
  • The shares were sold in multiple transactions at prices ranging from $70.00 to $70.10.
  • On September 20, 2024, Kramer sold 6,233 shares at a weighted average price of $70.14.
  • These shares were sold in multiple transactions at prices ranging from $70.00 to $70.39.
  • Following these transactions, Kramer directly owns 2,215,266 shares of common stock.
  • Kramer also indirectly owns 5,007 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 stock sales by an insider. It doesn't inherently convey positive or negative sentiment, but the market may interpret insider sales as a slightly negative signal.

Industry Context

This filing is a routine disclosure of insider trading activity. It's important to monitor such filings to understand management's perspective on the company's valuation and future prospects. However, without additional context, it's difficult to determine the specific reasons behind the stock sale.

Stakeholder Impact

  • Shareholders may react to the news of the CEO selling shares, potentially impacting the stock price.

Key Dates

DateDescription
09/19/2024Ronald Kramer sold 39,247 shares of Griffon Corp stock.
09/20/2024Ronald Kramer sold 6,233 shares of Griffon Corp stock.
09/23/2024Date of signature for the Form 4 filing.

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