CEO McGill W Brett sells 60,000 shares (60.0K) at $27.53 avg for $1,651,590.00; post-sale holdings 173.0K shares (-25.7%)
CEO McGill W Brett executed two separate sales totaling 60,000 shares (60.0K shares) for $1,651,590.00 on 2025-08-25, reducing his stake from 233.0K shares to 173.0K shares, a reduction of 25.7%. The sale occurred when the stock was trading near its 52-week high of $36.22 (current price $27.94 is -22.9% from that peak), and notably the company reported negative net income of $-52.1M in its latest quarter against $657.2M in quarterly revenue. The combination of a large percentage reduction in CEO holdings during the recovery portion of the stock's recent trading range (30-day change: +25.9%; 90-day change: +29.6%) coinciding with reported losses warrants investor attention to the company's earnings trajectory and any forward guidance.