SVP Mark Joseph Merz sells 34,555 shares for $3,399,178.84; holdings decline 92.3% to 2.9K shares
Mark Joseph Merz, SVP of International, executed two separate sales totaling 34,555 shares for $3,399,178.84 on 2025-07-29 at an average price of $98.37. This transaction reduces his post-transaction holdings to 2.9K shares, down from 37.4K shares—a 92.3% reduction in his stake. The sales occurred near the current price of $98.32 and within 1.1% of the 52-week high of $99.38, at a point where the stock has gained 8.6% over 30 days and 4.9% over 90 days. The company trades at a P/E of 2.36 with recent quarterly net income of $538.5M and annual revenue growth of 5.7%, metrics that do not suggest acute distress. The near-complete divestiture by a senior international executive warrants investor scrutiny into whether this reflects personal portfolio considerations or signals material changes in his outlook regarding the business.