Form 4: Griffon Corp Executive Brian G. Harris Sells Shares to Cover Tax Obligations and for Personal Portfolio Management

Executive Vice President and Chief Financial Officer of Griffon Corp, Brian G. Harris, sold a portion of his shares to cover tax obligations and for personal portfolio management.

Summary

• Brian G. Harris, EVP and Chief Financial Officer of Griffon Corp, engaged in multiple transactions involving the company's common stock.
• On November 30, 2024, 8,879 shares were withheld to cover tax obligations related to vesting restricted stock at a price of $84.3 per share.
• On December 2, 2024, 13,983 shares were sold at a weighted average price of $82.43 per share, with individual transactions ranging from $81.83 to $82.78.
• Also on December 2, 2024, 4,557 shares were sold at a weighted average price of $83.11 per share, with individual transactions ranging from $82.80 to $83.68.
• Following these transactions, Mr. Harris directly owns 166,259 shares and indirectly owns 4,916 shares through an ESOP.

Sentiment

Score: 5

Explanation: The document reflects routine transactions by an executive and does not indicate any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Executive stock sales are a common practice in publicly traded companies, often for tax obligations or portfolio diversification.
• The reported transactions are consistent with standard practices for executives managing their personal finances and stock holdings.
• Similar filings are regularly seen from executives at comparable companies such as Honeywell, Textron, and Stanley Black & Decker.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine executive stock sales.

Key Dates

Keywords

Griffon Corp, Brian G. Harris, stock sale, insider trading, Form 4, executive compensation, tax withholding, ESOP