Form 4: Griffon Corp VP & CAO W. Christopher Durborow Sells 13,000 Shares
SEC Form 4
W. Christopher Durborow, Vice President & CAO of Griffon Corporation, sold 13,000 shares of common stock at an average price of $66.88 on June 12, 2024.
Summary
- On June 12, 2024, W. Christopher Durborow, the Vice President & CAO of Griffon Corporation, sold 13,000 shares of Griffon Corp (GFF) common stock.
- The shares were sold at a weighted average price of $66.88.
- The price range for the sales was between $66.50 and $67.51.
- Following the transaction, Durborow directly owns 48,368 shares of common stock and indirectly owns 3,029 shares through an ESOP.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of stock sale by an executive. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
This is a standard Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The sale of shares by a company officer could be perceived negatively by some shareholders, although it is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of the transaction: W. Christopher Durborow sold 13,000 shares of Griffon Corp common stock. |
| 06/13/2024 | Date of the signature on the Form 4 filing. |
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