Form 4: Griffon Corp Vice President & CAO, W. Christopher Durborow, Executes Stock Sale

W. Christopher Durborow, Vice President & CAO of Griffon Corp, sold 5,170 shares of common stock at an average price of $80.38 on December 6, 2024.

Summary

• W. Christopher Durborow, a Vice President & CAO at Griffon Corp, reported a sale of 5,170 shares of common stock on December 6, 2024.
• The shares were sold at a weighted average price of $80.38, with individual transaction prices ranging from $80.13 to $80.71.
• Following the transaction, Durborow directly owns 44,306 shares of Griffon Corp common stock.
• Durborow also indirectly owns 3,237 shares through an ESOP.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider stock sale, with no indication of positive or negative sentiment. It is a routine filing.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the transactions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reported transaction is typical for executives managing their personal investment portfolios and is not unusual in the context of corporate governance.

Stakeholder Impact

• The stock sale by a company executive may have a minor impact on shareholder sentiment, but is unlikely to cause significant price movement.

Key Dates

Keywords

Griffon Corp, stock sale, insider trading, Form 4, W. Christopher Durborow, equity securities, executive compensation