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EdgarHawk

Horlock Phil

Chief Executive Officer

Director Officer
4 filings analyzed · 1 company · Latest 2025-08-19

Companies

Company Buys Sells Direction
Blue Bird Corp BLBD 0 15 Net selling

Activity

August 2025
2025-08-19 Blue Bird Corp BLBD
high
Sell
42,258 shares
$2,437,019
Significance 7/10

Director Phil Horlock sells 42,258 shares of BLBD for $2,437,018.86 across two transactions at $57.18 and $58.16.

Phil Horlock, a director of Blue Bird Corp (BLBD), executed two separate sales totaling 42,258 shares for $2,437,018.86 on August 15 and August 18, 2025, reducing his holdings by 14.9% from 283,024 to 240,766 shares. The sales occurred near the 52-week high of $58.50, with the blended average price of $57.67 placing them within 1.4% of the peak, despite the stock's 33.4% surge over the prior 30 days and 45.5% over 90 days. Horlock's prior four measurable sales at BLBD all realized negative 90-day returns (ranging from -14.0% to -15.8%), establishing a pattern of well-timed exits at this ticker; this current sale at near-peak valuations aligns with that historical pattern. The company's fundamentals remain solid (18.9% annual revenue growth, P/E of 15.63, net income of $36,455,000.00), but the timing of the sale after sustained price appreciation and near the 52-week high warrants investor attention to whether the director's actions reflect view of valuation or simply portfolio rebalancing at an inflection point.

2025-08-11 Blue Bird Corp BLBD
medium
Sell
30,000 shares
$1,800,000
Significance 6/10

Director Phil Horlock sold 30,000 shares of BLBD at $60.00 for $1,800,000; stock now $54.69 as 90d return climbs +34.7%

Horlock sold 30,000 shares (11.1% of pre-transaction holdings) at $60.00 on 2025-08-08, reducing his stake to 240,766 shares. At $54.69 current price, the transaction price sits 1.2% below the 52-week high of $55.34. Over the 90 days following prior sells at BLBD, Horlock achieved a 90-day well-timed rate of 4 of 5 (80% positive timing at the 90-day mark), meaning his previous exits preceded stock declines. However, BLBD's fundamentals remain sound: $398.0M revenue, $36.5M net income, +18.9% annual revenue growth, and a P/E of 14.98, with the stock up +34.7% over 90 days and +21.7% over 30 days. The sale occurred near but not at the recent peak; whether this distribution of 11.1% of holdings reflects a systematic pattern or a discrete rebalancing event requires further monitoring given the company's positive growth trajectory.

September 2024
2024-09-16 Blue Bird Corp BLBD
medium
Sell
59,752 shares
$2,987,331
Significance 5/10

CEO Phil Horlock sells 59,752 shares (59.8K) at blended $50.00, reducing stake by 16.6%

Phil Horlock, Chief Executive Officer of Blue Bird Corp, executed 2 separate sales on 2024-09-13 and 2024-09-16, totaling 59,752 shares (59.8K shares) for $2,987,331.20 ($3.0M) at a blended average price of $50.00. This reduces his post-transaction holdings to 299,812 shares (299.8K shares) from a pre-transaction level of 359,564 shares (359.6K shares). The sales occurred at prices near current levels ($50.19 current price; stock is -13.3% from 52-week high but +4.7% over 30 days). His prior trades at BLBD show a 0 of 3 well-timed rate on sells measured at 90 days—recent sales on 2024-08-26 and 2024-08-23 remain unmeasurable. Against his cross-ticker track record of a 0.00% well-timed rate across 8 prior sells, this sale adds incremental data but does not establish a pattern of prescient timing. The company reports strong fundamentals: annual revenue growth of +41.5%, net income of $28,711,000.00 ($28.7M), and a P/E of 16.30.

August 2024
2024-08-26 Blue Bird Corp BLBD
medium
Sell
48,239 shares
$2,334,767
Significance 5/10

CEO Horlock sells 48,239 BLBD shares for $2.3M across two transactions; post-sale holdings at 299.8K shares (-13.9%).

Horlock Phil, Chief Executive Officer of Blue Bird Corp, executed two separate open-market sales totaling 48,239 shares for $2,334,767.07 on 2024-08-23 and 2024-08-26, reducing his holdings by 13.9% from 348,051 to 299,812 shares. The sales occurred at a blended average price of $48.40, near the current price of $49.60 and within the 52-week range ($17.79–$57.87). Notably, his prior five sales at BLBD have consistently underperformed on a 90-day basis—0 of 5 were well-timed (stock rose after each sale), with average 90-day returns of +60.6%, +13.8%, +5.9%, +17.1%, and +33.4%—suggesting the insider has not historically executed sales ahead of price declines at this ticker. Against the backdrop of strong fundamentals (annual revenue growth of +41.5%, net income of $28.7M on revenue of $333.4M, P/E of 16.10), this sale represents a material reduction in direct insider equity exposure rather than a signal of operational concern.

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