CEO George Macricostas sold 121,194 shares for $5,203,717.60 at blended avg $42.94, reducing holdings 26.6% to 334,068 shares
CEO George Macricostas executed 3 separate sales totaling 121,194 shares for $5,203,717.60 on April 8, 2026, at an average price of $42.94—near the stock's current price of $44.90 and at its 52-week high. The transaction represents a material 26.6% reduction in his post-transaction holdings to 334,068 shares from 455,262 shares, a significant concentration reduction for the company's chief executive. This occurs in a context of strong near-term momentum (30-day change: +30.6%; 90-day change: +34.7%), though the company faces longer-term headwinds with annual revenue declining 2.0%. The scale of the sale and timing relative to the stock's recent strength warrants investor scrutiny regarding executive confidence in valuation.