Mike Slessor (then-CEO) sells 4,735 shares for $560,194.72 via 10b5-1 plan; stock down 23.6% in 30 days
Mike Slessor, who was CEO at the time of the filing, executed 6 separate sales totaling 4,735 shares for $560,194.72 at blended average price $118.31 on 2026-07-15, reducing his holdings to 430,412 shares (a -1.1% net change). This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-08-19, meaning the sales were scheduled rather than discretionary. The current price of $107.11 sits -33.2% from the 52-week high of $160.27, and the stock has declined 23.6% over the past 30 days and 21.9% over 90 days. His prior sales at this ticker (5 trades on 2026-06-10) showed mixed near-term outcomes, with 30-day returns ranging from -4.2% to -0.2%; longer-term measurability is not yet available for those trades. The scheduled nature of this divestiture limits inference about insider conviction regarding current valuation or near-term prospects.