SVP & CAO Robert Joseph Meyer Jr sells 5,663 shares ($1.1M) at $201.67 blended avg; retains 26.2K shares post-sale
Meyer Robert Joseph JR, SVP & Chief Accounting Officer, executed 2 separate sales totaling 5,663 shares for $1,142,057.90, reducing his holdings from 31,873 shares to 26,210 shares (-17.8% vs pre-transaction holdings). The transactions occurred at $201.12 on 2025-02-26 and $202.18 on 2025-02-27, blending to $201.67, slightly below the current price of $205.62. The company is trading 15.3% below its 52-week high of $242.83 and reports a net loss of $-780,400,000.00 in the latest quarter against revenue of $2,522,300,000.00, with annual revenue declining 9.1% year-over-year. The sale occurs in a context of deteriorating profitability and elevated valuation (P/E 48.61), though Meyer retains substantial post-transaction holdings, limiting the signal to a partial portfolio reduction rather than a complete exit.