Griffon (GFF) COO trims stake with 12,599-share open-market sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Griffon Corp President and COO Robert F. Mehmel reported open-market sales of 12,599 shares of Common Stock over two days. On June 24 and 25, he executed several sale transactions at reported prices between about $95.45 and $97.27 per share, based on weighted-average prices disclosed.
After these sales, Mehmel directly owned 790,352 shares of Griffon Common Stock, according to the filing, and also had 4,219 shares held indirectly through an ESOP. The transactions appear as routine share disposals, with the executive retaining a substantial remaining equity stake.
Positive
- None.
Negative
- None.
Insights
Executive executes modest net share sale while keeping large stake.
Robert F. Mehmel, President and COO of Griffon Corp, reported net open-market sales of 12,599 Common Stock shares. All transactions are coded as S, indicating discretionary sales rather than option exercises, tax withholding, or gifts.
Following the sales, he still holds 790,352 shares directly plus 4,219 shares indirectly via an ESOP. With no derivative positions shown and a sizable remaining holding, the activity looks like a routine portfolio adjustment rather than a transformational change in exposure.
The filing notes that prices are reported on a weighted average basis, with underlying trades executed across price ranges around the mid‑$90s. Subsequent company filings may provide additional context, but this Form 4 alone suggests standard insider selling activity.
Insider Trade Summary 10b5-1
Net Seller: 12,599 shares ($1,207,146)
Net Sell
6 txns
Insider
MEHMEL ROBERT F
Role
President and COO
Sold
12,599 shs ($1.21M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,149 | $95.62 | $492K |
| Sale | Common Stock | 1,534 | $96.41 | $148K |
| Sale | Common Stock | 1,190 | $97.27 | $116K |
| Sale | Common Stock | 4,626 | $95.45 | $442K |
| Sale | Common Stock | 100 | $96.03 | $10K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 793,076 shares (Direct, null);
Common Stock — 4,219 shares (Indirect, by ESOP)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $95.02 to $95.98, inclusive. The reporting person undertakes to provide Griffon Corporation, any security holder of Griffon Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares disposed of at each price within the ranges set forth in footnotes (1), (2), (3) and (4) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.11 to $95.97, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.00 to $96.80, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.02 to $97.64, inclusive.
Key Figures
Total shares sold: 12,599 shares
Direct holdings after transactions: 790,352 shares
Indirect ESOP holdings: 4,219 shares
+3 more
6 metrics
Total shares sold
12,599 shares
Net open-market sales in Form 4 transaction summary
Direct holdings after transactions
790,352 shares
Common Stock directly owned following latest sale
Indirect ESOP holdings
4,219 shares
Common Stock held indirectly by ESOP as of June 24
Sale price example
$97.27 per share
Reported weighted-average price for 1,190-share sale on June 25
Largest single reported block
5,149 shares
Open-market sale at $95.62 per share on June 25
Additional sale block
4,626 shares
Open-market sale at $95.45 per share on June 24
Key Terms
open-market sale, weighted average price, ESOP, Common Stock, +1 more
5 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
ESOP financial
"nature_of_ownership": "by ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"set forth in footnotes (1), (2), (3) and (4) to this 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 insider transaction did GRIFFON CORP (GFF) report for Robert F. Mehmel?
GRIFFON CORP reported that President and COO Robert F. Mehmel sold 12,599 shares of Common Stock in open-market transactions. The sales occurred over June 24 and June 25 at weighted-average prices in the mid-$90s per share, according to the Form 4 filing.
Were Mehmel’s Griffon (GFF) transactions open-market sales or option exercises?
All reported transactions are coded “S” for sales of non-derivative Common Stock, indicating open-market or private sale transactions. The filing shows no derivative exercises, tax-withholding dispositions, or grants, and derivative positions are not listed in the derivative summary.
Does the Griffon (GFF) Form 4 show any indirect holdings for Robert F. Mehmel?
Yes. The Form 4 lists 4,219 Griffon Common Stock shares held indirectly “by ESOP.” This entry reflects shares attributable through an employee stock ownership plan, separate from Mehmel’s 790,352 directly owned shares following the reported sales.