Form 4: Griffon Corp Director Victor Eugene Renuart Sells Shares Over Several Years
SEC Form 4 Filing
Director Victor Eugene Renuart of Griffon Corp has sold shares of common stock over several years, with the most recent sale occurring on November 26, 2024.
Summary
- Victor Eugene Renuart, a director at Griffon Corp, has been selling shares of the company's common stock.
- The transactions occurred over several years, starting with a sale of 3,710 shares on July 5, 2019, at an average price of $16.22.
- Additional sales were made on July 11, 2019 (194 shares at $16), October 11, 2019 (2,442 shares at $20.41), June 7, 2021 (2,900 shares at $25.87), June 24, 2022 (2,617 shares at $26.79), and August 10, 2022 (767 shares at $32.73).
- The most recent transaction was on November 26, 2024, where 4,500 shares were sold at $84.46.
- After the most recent sale, Renuart directly owns 19,312 shares of Griffon Corp common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of share sales by a director. While not inherently positive or negative, consistent selling by an insider could be viewed with caution.
Risks
- The consistent selling of shares by a director could be perceived negatively by the market, potentially indicating a lack of confidence in the company's future performance.
Industry Context
This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the trading activities of company directors.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- The trading activity is not unusual for a director, but the consistent selling over several years may warrant further scrutiny.
Stakeholder Impact
- Shareholders may be interested in the director's trading activity as it could reflect their sentiment about the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 07/05/2019 | Sale of 3,710 shares at an average price of $16.22. |
| 07/11/2019 | Sale of 194 shares at $16. |
| 10/11/2019 | Sale of 2,442 shares at an average price of $20.41. |
| 06/07/2021 | Sale of 2,900 shares at $25.87. |
| 06/24/2022 | Sale of 2,617 shares at $26.79. |
| 08/10/2022 | Sale of 767 shares at $32.73. |
| 11/26/2024 | Sale of 4,500 shares at $84.46. |
Keywords
Griffon Corp, GFF, Victor Eugene Renuart, insider trading, share sales, director, Form 4
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