ABM CFO Ellis Earl Ray sold 40,000 shares (46.9% of holdings) for $2,158,313.90 at blended $53.96
Ellis Earl Ray, EVP & Chief Financial Officer, executed 2 separate sales on 2024-10-14, selling 12,901 shares at $54.28 and 27,099 shares at $53.80, totaling 40,000 shares for $2,158,313.90. This represents a net reduction of 46.9% of his pre-transaction holdings, leaving him with 45,260 shares post-transaction. The blended average sale price of $53.96 compares to the current price of $53.87, with the stock trading near recent levels after a 3.6% gain over the prior 30 days and +0.2% over 90 days. As a top financial officer, Ray's substantial reduction in equity stake warrants attention regarding his confidence in the company's financial trajectory, though the absence of prior transaction context limits broader pattern assessment.