Form 4: Photronics CTO Sells 10,000 Shares Under 10b5-1 Plan

Photronics' EVP and CTO, Christopher J. Progler, sold 10,000 shares of common stock for a weighted average price of $22.515 per share under a pre-arranged trading plan.

Summary

• Christopher J. Progler, Executive Vice President and Chief Technology Officer of Photronics Inc. (PLAB), reported the sale of 10,000 shares of the company's common stock.
• The transaction took place on December 1, 2025.
• The shares were sold at a weighted average price of $22.515 per share, with individual transaction prices ranging from $22.33 to $22.87.
• Following this sale, Progler's direct beneficial ownership stands at 190,591 shares of Photronics common stock.
• This sale was executed in accordance with a Rule 10b5-1 trading plan, which was adopted on December 22, 2024.

Sentiment

Score: 5

Explanation: Neutral, as it's a routine insider sale under a pre-arranged 10b5-1 plan, which typically does not signal a change in company fundamentals.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and systematic approach to managing personal holdings rather than an opportunistic sale based on new, undisclosed information.

Stakeholder Impact

• Minimal direct impact on shareholders, employees, customers, suppliers, or creditors, as this is a routine, pre-planned insider stock sale.

Key Dates

Recommendation

The filing reports a routine insider sale by the EVP, CTO, under a pre-arranged 10b5-1 plan. This type of transaction is generally not indicative of a change in company fundamentals or future prospects, thus a 'hold' recommendation remains appropriate.

Keywords

Photronics, PLAB, Insider Sale, Form 4, Stock Transaction, Executive Stock Sale, Christopher J. Progler, CTO, 10b5-1 Plan