CTS (CTS) CEO Kieran O'Sullivan sells 130,000 shares in pre-set 10b5-1 trades
Rhea-AI Filing Summary
CTS Corp President & CEO Kieran M. O'Sullivan reported open-market sales of 130,000 shares of CTS common stock over three days. He sold 46,955 shares on June 1, 2026 at a weighted average price of $63.3111, 60,388 shares on June 2, 2026 at $66.2627, and 22,657 shares on June 3, 2026 at $66.6708 per share.
The filing states these transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 2, 2026, indicating they were scheduled in advance. After the reported sales, O'Sullivan directly holds 307,693 CTS common shares.
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Insights
CEO sells 130,000 CTS shares under pre-set 10b5-1 plan.
Kieran M. O'Sullivan, President & CEO of CTS Corp, reported three open-market sales totaling 130,000 common shares at prices between about $63.31 and $66.67. These are explicit sale transactions, not option exercises or tax withholdings.
The filing specifies that the trades were made pursuant to a Rule 10b5-1 trading plan adopted on March 2, 2026. Such plans are typically used to schedule sales in advance, reducing the significance of trade timing as a signal of management’s short-term outlook.
Following the sales, O'Sullivan directly holds 307,693 CTS shares, indicating he retains a substantial equity position. The net effect is a material but partial reduction in his holdings, with the informational impact shaped by the pre-planned nature of the transactions rather than discretionary market timing.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 22,657 | $66.6708 | $1.51M |
| Sale | Common Stock | 60,388 | $66.2627 | $4.00M |
| Sale | Common Stock | 46,955 | $63.3111 | $2.97M |
Footnotes (1)
- The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 2, 2026, intended to satisfy Rule 10b5-1(c). The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.07 to $64.35, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.615 to $66.87, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.06 to $67.37 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.