Matthew Lanigan (President & CEO) sold 167,375 shares of NPKI for $2,415,907.49 under pre-arranged 10b5-1 plan adopted 2026-03-04
Matthew Lanigan, President & CEO of NPK International Inc., sold 167,375 shares at $14.43 on June 3, 2026, reducing his holdings from 422,074 to 254,699 shares—a reduction of 39.7% of his pre-transaction position. This sale was executed under a pre-arranged 10b5-1 trading plan adopted on March 4, 2026, meaning it was scheduled rather than discretionary. The transaction occurred when the stock was trading at $14.28 current price, approximately 13.4% below the 52-week high of $16.50. The company's fundamentals show strong growth with annual revenue growth of 27.4% and a P/E of 30.38, reflecting elevated market expectations. His prior sale at NPKI in August 2025 resulted in 30-day and 90-day returns of 5.6% and 8.4% respectively, suggesting limited timing predictability at this ticker.