IOSP VP & CFO Cleminson Ian sold 10,000 shares over 3 days (Aug 23-26) for $1.1M at blended avg $113.99
Ian Cleminson, VP & CFO of Innospec, sold 10,000 shares (43.5% of pre-transaction holdings) across 4 separate sales totaling $1,139,889.06 between August 23-26, 2024. The blended average price of $113.99 compares to a current price of $113.89, with the stock down 12.5% over the prior 30 days and down 13.4% from its 52-week high of $131.58. His single prior sale at IOSP in February 2024 showed a 90-day return of 5.1%, indicating the stock rose after that sale; this sale similarly occurred as the stock has declined recently. Without a 10b5-1 plan FLAG, the timing pattern at this ticker remains that 0 of 1 prior sells were well-timed at the 90-day mark. The company's fundamentals show flat annual revenue growth (-0.8%) and a P/E of 18.98 on $2.8B market cap.