CF Industries (NYSE: CF) EVP sells 7,200 shares at $111

Rhea-AI Filing Summary

CF Industries Holdings, Inc. executive Susan L. Menzel, EVP and Chief Administrative Officer, reported an open-market sale of common stock. On March 5, 2026, she sold 7,200 shares of CF common stock at $111.00 per share. After this transaction, she directly owned 73,803 shares of CF Industries common stock.

Insights

Equity analyst

CF Industries EVP executed an open-market sale of 7,200 shares while retaining a sizable remaining stake.

Susan L. Menzel, EVP and Chief Administrative Officer of CF Industries Holdings, Inc., reported one non-derivative transaction. She sold 7,200 shares of common stock in an open-market sale at $111.00 per share on March 5, 2026.

The transaction direction is a sale, classified as a sale in open market or private transaction. Following the trade, her directly held position stands at 73,803 shares of common stock. This is a single, disclosed insider transaction without accompanying derivative activity in the provided data.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Menzel Susan L

(Last) (First) (Middle)

C/O CF INDUSTRIES HOLDINGS, INC.

2375 WATERVIEW DRIVE

(Street)

NORTHBROOK IL 60062

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CF Industries Holdings, Inc. [ CF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Chief Admin. Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock, par value $0.01 per share	03/05/2026		S		7,200	D	$111	73,803	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Michael P. McGrane, by power of attorney	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did CF (CF Industries) executive Susan L. Menzel report?

Susan L. Menzel reported an open-market sale of CF Industries common stock. She sold 7,200 shares at $111.00 per share on March 5, 2026, and held 73,803 shares directly after this transaction.

How many CF Industries (CF) shares did Susan L. Menzel sell and at what price?

She sold 7,200 shares of CF Industries common stock in a single transaction. The reported sale price was $111.00 per share, classified as a sale in the open market or a private transaction on March 5, 2026.

How many CF (CF Industries) shares does Susan L. Menzel own after the reported sale?

After the reported sale, Susan L. Menzel directly owns 73,803 CF Industries common shares. This figure represents her direct ownership position following the 7,200-share open-market sale executed on March 5, 2026, as disclosed in the insider filing.

What type of transaction did Susan L. Menzel execute in CF Industries (CF) stock?

She executed a non-derivative open-market sale of CF Industries common stock. The transaction code is “S,” indicating a sale in the open market or a private transaction, involving 7,200 shares at a price of $111.00 per share on March 5, 2026.

Is the reported CF (CF Industries) insider transaction by Susan L. Menzel a buy or a sell?

The reported insider transaction is a sell. Susan L. Menzel, EVP and Chief Administrative Officer, sold 7,200 CF Industries common shares in an open-market transaction at $111.00 per share and retained direct ownership of 73,803 shares afterward.