Espey (NYSE: ESP) director Corr sells 293 shares but keeps large stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Espey Mfg & Electronics Corp director Paul J. Corr reported open-market sales of 293 shares of common stock on May 15, 2026. The shares were sold at prices between $66.10 and $68.15 per share.
After these transactions, Corr continues to hold 20,439 shares of Espey common stock directly, along with 10,950 stock options. This filing reflects a relatively small reduction in his direct share position while maintaining a significant ongoing equity interest through both shares and options.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 293 shares ($19,649)
Net Sell
5 txns
Insider
CORR PAUL J
Role
null
Sold
293 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock - $.33 1/3 par value | 8 | $68.15 | $545.20 |
| Sale | Common Stock - $.33 1/3 par value | 78 | $67.47 | $5K |
| Sale | Common Stock - $.33 1/3 par value | 100 | $67.195 | $7K |
| Sale | Common Stock - $.33 1/3 par value | 100 | $66.59 | $7K |
| Sale | Common Stock - $.33 1/3 par value | 7 | $66.10 | $462.70 |
Holdings After Transaction:
Common Stock - $.33 1/3 par value — 20,724 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 293 shares
Lowest sale price: $66.10 per share
Highest sale price: $68.15 per share
+2 more
5 metrics
Shares sold
293 shares
Total common shares sold on May 15, 2026
Lowest sale price
$66.10 per share
Open-market sale price for 7 shares
Highest sale price
$68.15 per share
Open-market sale price for 8 shares
Direct shares held
20,439 shares
Direct Espey common stock ownership after transactions
Stock options held
10,950 options
Espey stock options owned by Paul J. Corr
Key Terms
open-market sale, Common Stock - $.33 1/3 par value, stock options, Form 4
4 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock - $.33 1/3 par value financial
"security_title: "Common Stock - $.33 1/3 par value""
stock options financial
"the reporting person owns 20,439 shares of common stock directly and 10,950 stock options"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Espey (ESP) director Paul J. Corr report in this Form 4?
Paul J. Corr reported selling 293 shares of Espey common stock in open-market transactions. The sales occurred on May 15, 2026, at prices between $66.10 and $68.15 per share, and he retained a substantial remaining position afterward.
Does Paul J. Corr still hold stock options in Espey (ESP) after the Form 4 transactions?
Yes. In addition to his direct share ownership, Corr holds 10,950 stock options in Espey. This option position is disclosed in the Form 4 footnote and remains in place following the May 15, 2026 open-market share sales.
What type of transactions did Espey (ESP) director Paul J. Corr execute?
Corr executed open-market sales of Espey common stock. The Form 4 classifies each transaction with code "S" and describes them as sales in open market or private transactions, indicating straightforward disposals rather than option exercises or other derivative-related actions.