Eric D Ashleman

Director Eric D Ashleman sells 15,000 shares (26.2% of holdings) for $4.3M at MOD on 2026-06-16

Eric D Ashleman, a Director, executed 3 separate sales totaling 15,000 shares for $4,328,161.79 on 2026-06-16, reducing his holdings from 57,350 to 42,350 shares. The blended average sale price of $288.54 sits within the 52-week trading range of $86.48–$323.25, and the current price is $292.69. While the stock has posted a 30-day change of +19.7% and a 90-day change of +48.9%, his cross-ticker track record shows only 2 prior sells with an average 30-day return of -0.4%, providing limited historical context for timing patterns. The company is reporting net income of $-47,400,000.00 against revenue of $805,000,000.00 in the latest quarter, reflecting operational challenges that warrant investor attention alongside the substantial reduction in the director's stake.

CEO Eric Ashleman exercised stock options and immediately sold all shares, netting $3.3M with stock near 52-week highs.

CEO and President Eric Ashleman exercised approximately 15,000 shares and immediately sold them all on the same day, realizing gross proceeds of over $3.3 million. The transactions consist of acquiring shares through option exercise at substantially below-market prices, then liquidating the entire position at prices near the stock's current level. This is Ashleman's first open-market activity of any kind in the past three years—prior filings show only stock-based compensation transactions. The stock is trading slightly below its 52-week high, and the company itself is profitable with growing revenue, making this a liquidation rather than a forced sale during distress. What's notable is the mechanical pattern: acquire and immediately divest on the same day shows no net conviction in holding the shares after exercise, a common tax-planning approach for executives exercising compensation rather than an operational insider sentiment.