CEO-Elect Michael S Weinbach purchases 170,000 shares for $5,768,292.20 across two trades in June 2026
Michael S Weinbach, Chief Executive Officer-Elect, executed two separate open-market purchases totaling 170,000 shares for $5,768,292.20 with a blended average price of $33.93, moving from zero prior shareholding to 170,000 shares. The transaction occurred as the stock traded at $33.79 current price, which is -13.0% from the 52-week high of $38.84 within a 52-week range of $31.50–$38.84. This represents a substantial equity commitment by an incoming executive at a company with a P/E of 7.99 and market cap of $4.5B, where recent quarterly revenue stands at $466.3M with net income of $124.1M, though annual revenue growth shows -7.2% year-over-year contraction.