Form 4: Griffon Corp Director Kevin F. Sullivan Reports Stock Sale
SEC Form 4 Filing
Director Kevin F. Sullivan sold 12,447 shares of Griffon Corp (GFF) at $65 per share on August 22, 2024.
Summary
- On August 22, 2024, Kevin F. Sullivan, a director of Griffon Corp (GFF), sold 12,447 shares of common stock at a price of $65 per share.
- Following the transaction, Sullivan directly owns 50,390 shares of Griffon Corp.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a transaction by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the stock sale.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. This sale could be for personal financial management reasons and may not necessarily reflect a negative outlook on the company.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although it may not necessarily indicate a lack of confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of transaction: Kevin F. Sullivan sold shares of Griffon Corp. |
| 08/23/2024 | Date of signature on the Form 4 filing. |
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