Latest Insider Trading
Filed: 2026-05-14
Key Insights
- CEO David Cordani executed a substantial net sell of approximately 189,000 shares on May 12-13, 2026, with sale prices ranging from $286-$298 per share, generating roughly $55 million in proceeds after acquiring shares through option exercises.
- The sales were conducted under a Rule 10b5-1 trading plan adopted on February 6, 2026, indicating pre-planned, non-discretionary selling that reduces concerns about negative company outlook signaling.
- Cordani acquired 189,114 shares through the exercise of employee stock options at prices of $149.14 and $197.35, then immediately sold 189,048 shares at significantly higher prices, executing a classic cashless exercise and diversification strategy.
- Following all transactions, Cordani maintains direct ownership of 34,337 shares plus indirect beneficial ownership through a GRAT (440,798 shares), Trust (157,935 shares), and 401(k) (1,803 shares), demonstrating continued significant equity stake despite the reduction.