KMB Chief Bus. Officer Melucci sells 47.9K shares for $6.8M across two days; holdings fall 70.6% to 19.9K shares
Jeffrey P. Melucci, Chief Business & Transformation Officer, executed 2 separate sales totaling 47,901 shares for $6,780,272.44 on July 25–26, 2024, at an average price of $141.55. This represents a -70.6% reduction in his shareholding, from 67,836 shares pre-transaction to 19,935 shares post-transaction. At the current price of $141.81, the stock is -1.6% from its 52-week high of $144.14 and has risen +1.9% over the past 30 days and +4.9% over the past 90 days. His cross-ticker track record shows a 100% well-timed rate on 2 prior sells with an average 90-day return of -8.8%, while his prior 2 sales at KMB specifically yielded mixed timing (one well-timed at the 90-day mark, one with -4.3% in 30 days from April 2024). The magnitude of the position reduction—eliminating roughly two-thirds of holdings in a single filing—contrasts with a company showing modest fundamentals (P/E of 20.89, +1.3% annual revenue growth, $5.0B in quarterly revenue).