Form 4: Griffon Corp Director Coben Sells 2,000 Shares
SEC Form 4 Filing
Director Jerome L. Coben of Griffon Corp sold 2,000 shares of common stock at $69.44 per share on February 26, 2024.
Summary
- Jerome L. Coben, a director of Griffon Corp, sold 2,000 shares of common stock on February 26, 2024.
- The sale price was $69.44 per share.
- Following the transaction, Coben directly owns 17,052 shares of Griffon Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares.
Negatives
- A director selling shares could be perceived negatively by investors, although the sale represents a small portion of Coben's holdings.
Industry Context
Insider transactions are routinely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. However, single transactions do not necessarily indicate a trend.
Stakeholder Impact
- The sale of shares by a director could cause minor short-term concern among shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of transaction: Jerome L. Coben sold 2,000 shares of Griffon Corp common stock. |
| 02/27/2024 | Date of report signature. |
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