Director Kehr sells 43,623 shares (89.3% of holdings) at $99.58; firm faces -25.7% revenue decline, -$114.0M net loss
Director Catherine A Kehr sold 43,623 shares at $99.58 on 2024-11-22, reducing her position from 48,824 shares to 5,201 shares—a 89.3% reduction in holdings. This near-complete liquidation occurs against a backdrop of deteriorating fundamentals: the latest quarter shows revenue of $648,000,000.00 but net income of -$114,000,000.00, and full-year revenue growth stands at -25.7% compared to the prior fiscal year. The transaction was executed near the 52-week high of $100.97, with the stock currently trading at $98.87 and up 16.6% over 30 days, suggesting the sale occurred during a period of relative strength in valuation. The combination of a director retaining only minimal equity exposure (5.2K shares post-sale) while the company reports significant operating losses and decelerating revenue warrants investor scrutiny of operational recovery prospects and management's own capital allocation signals.