Griffon (NYSE: GFF) President & COO sells 3,565 shares, retains 802,951
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Griffon Corp President and COO Robert F. Mehmel reported open-market sales of 3,565 shares of common stock. On June 17, he sold 547 shares at a weighted average price of $95.37. On June 16, he sold 97 shares at $96.25 and 2,921 shares at $95.36.
After these transactions, Mehmel directly holds 802,951 shares of Griffon common stock and has an additional 4,219 shares held indirectly through an ESOP. The reported sales represent a small portion of his overall holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,565 shares ($340,050)
Net Sell
4 txns
Insider
MEHMEL ROBERT F
Role
President and COO
Sold
3,565 shs ($340K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 547 | $95.37 | $52K |
| Sale | Common Stock | 2,921 | $95.36 | $279K |
| Sale | Common Stock | 97 | $96.25 | $9K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 802,951 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 $95.00 to $95.85, 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) and (3) 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 $96.02 to $96.25, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.00 to $95.66, inclusive.
Key Figures
Total shares sold: 3,565 shares
June 17 sale: 547 shares at $95.37
June 16 sale (1): 97 shares at $96.25
+3 more
6 metrics
Total shares sold
3,565 shares
Net open-market sales reported on June 16–17
June 17 sale
547 shares at $95.37
Open-market sale of common stock
June 16 sale (1)
97 shares at $96.25
Open-market sale of common stock
June 16 sale (2)
2,921 shares at $95.36
Open-market sale of common stock
Direct holdings after
802,951 shares
Common stock directly owned after transactions
Indirect ESOP holdings
4,219 shares
Common stock held indirectly by ESOP
Key Terms
open-market sale, weighted average price, ESOP, indirect ownership
4 terms
open-market sale financial
"transaction_action: "open-market sale" for each sale of common stock"
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" for indirect holdings"
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.
indirect ownership financial
"ownership_type: "indirect" and ownership_code: "I" for ESOP shares"
FAQ
What insider transaction did GRIFFON CORP (GFF) report for Robert F. Mehmel?
Griffon reported that President and COO Robert F. Mehmel sold 3,565 shares of common stock in open-market transactions. These sales occurred on June 16 and June 17 at prices around the mid-$90s per share, while he retained a substantial remaining stake.
What are Robert F. Mehmel’s remaining GFF holdings after these transactions?
After the reported sales, Robert F. Mehmel directly holds 802,951 shares of Griffon common stock. He also has 4,219 additional shares held indirectly through an ESOP, showing he maintains a large ongoing ownership position in the company.