CFO Barker sells 150,000 NE shares for $6,994,494.40; post-sale holdings drop to 164.8K (-47.7%)
Richard B. Barker (EVP and CFO) executed 2 separate sales totaling 150,000 shares for $6,994,494.40 on 2026-03-18, reducing his stake from 314,781 shares to 164,781 shares (a -47.7% reduction). The blended average sale price of $46.63 occurred as the stock trades at $47.75 current price, near its 52-week high, and has gained 70.7% over the past 90 days. Barker's cross-ticker track record shows a 33.33% well-timed rate on 4 prior open-market sells, but his same-ticker history at NE is notably poor: of his 4 prior measurable trades at this ticker, only 1 was well-timed, and his prior sell on 2025-01-30 was followed by a -32.9% 90-day decline. Negative net income of $-21.1M in the latest quarter contrasts with the elevated valuation (P/E of 35.11) and strong recent stock performance, warranting examination of whether this substantial insider reduction reflects confidence constraints given fundamental challenges.