COO Nathan Baxter sells 11,359 shares at avg $75.37 for $856.1K; post-sale holdings 51.6K shares (down 18.0%)
Baxter Nathan Eric, EVP and COO, executed 2 separate sales totaling 11,359 shares for $856,097.30 on December 9, 2024, reducing holdings by 18.0% from 62,989 to 51,630 shares. The sales occurred at an average price of $75.37, approximately $1.63 above the current price of $73.74, though near the 52-week range midpoint given the stock's -21.1% decline from its recent high of $93.47. The timing is notable because the company reported negative full-year net income despite posting $132.1M quarterly net income, suggesting operational or one-time challenges in recent fiscal performance. The sale of a meaningful portion of holdings by a top executive warrants observation of whether additional liquidity events or company guidance updates follow.