Form 4: Griffon Corp COO Mehmel Sells Shares
SEC Form 4
Robert F. Mehmel, President and COO of Griffon Corp, sold 912 shares of common stock on October 16, 2024.
Summary
- Robert F. Mehmel, the President and COO of Griffon Corporation, reported a transaction involving the company's common stock.
- On October 16, 2024, Mehmel sold 912 shares at a weighted average price of $70.06 per share.
- Following the transaction, Mehmel directly owns 746,611 shares of Griffon Corp common stock.
- Mehmel also indirectly owns 3,999 shares through an ESOP.
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 common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 10/16/2024 | Date of the stock sale transaction |
| 10/18/2024 | Date of signature on the Form 4 filing |
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