Form 4: Griffon Corp Chairman and CEO Ronald Kramer Sells Shares
SEC Form 4
Ronald Kramer, Chairman and CEO of Griffon Corp, recently sold a significant number of company shares in multiple transactions.
Summary
- Ronald J Kramer, Chairman and CEO of Griffon Corporation, reported the sale of common stock on September 11, 2024.
- The sales were executed in multiple transactions at varying prices.
- A total of 99,990 shares were sold.
- The weighted average sale prices ranged from $61.49 to $63.06.
- Following the reported transactions, Kramer directly owns 2,260,746 shares of Griffon Corp.
- 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 Form 4 filing, indicating stock sales by an insider. The sentiment is neutral as it simply reports transactions without expressing any opinion on the company's performance or future prospects.
Industry Context
Executive stock sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects. It's important to consider the context of these sales, such as diversification, estate planning, or other personal financial reasons.
Stakeholder Impact
- Shareholders may react to the news of insider selling, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Date of stock sale transactions. |
| 09/13/2024 | Date of signature on the Form 4 filing. |
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