SVP John Couling sells 57,000 DLB shares for $4.6M (avg $80.10) in 3 transactions; post-sale holdings 106,806 shares (-34.8%)
John Couling executed 3 separate sales totaling 57,000 shares for $4,565,500.00 between November 22–25, 2024, at an average price of $80.10, reducing his holdings by 34.8% from 163,806 to 106,806 shares. The current price of $80.33 sits -10.1% from the 52-week high of $89.38, and the stock has risen 10.4% over the past 30 days and 14.7% over the past 90 days—suggesting the sales occurred near recent price momentum peaks. Couling's cross-ticker track record shows 2 prior sells with a 90-day well-timed rate of 0.00%, while his 2 prior DLB sales (February 2024) also posted positive 90-day returns (+2.5% and +3.3%), indicating a pattern of selling before periods when the stock continued to climb. The company carries a P/E of 29.32 with recent annual revenue growth of -2.0%, adding fundamental context to a substantial equity reduction by a senior entertainment executive.