Form 4: Griffon Corp COO Mehmel Sells Shares in Recent Transactions
SEC Form 4 Filing
Robert F. Mehmel, President and COO of Griffon Corp, recently sold shares of the company's common stock in two separate transactions.
Summary
- Robert F. Mehmel, the President and COO of Griffon Corporation, sold 7,663 shares of common stock on September 19, 2024, at a weighted average price of $70.02.
- He then sold 1,205 shares on September 20, 2024, at a weighted average price of $70.11.
- Following these transactions, Mehmel directly owns 754,046 shares and indirectly owns 3,991 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.
Industry Context
Insider selling can be interpreted in various ways by the market, but is a common practice for executives to diversify their holdings or manage personal finances.
Stakeholder Impact
- Shareholders may react to insider selling, although small transactions like these are unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 09/19/2024 | Robert F. Mehmel sold 7,663 shares of Griffon Corp common stock. |
| 09/20/2024 | Robert F. Mehmel sold 1,205 shares of Griffon Corp common stock. |
| 09/23/2024 | Date of signature for the Form 4 filing. |
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