high
Sell
25,000 shares
$590,775
Significance
6/10
Navigator COO Michael Schroder sold 25,000 shares (83.3% reduction) for $590.8K at $23.63
Michael Schroder, Chief Operating Officer, sold 25,000 shares for $590,775.00 at $23.63, reducing his holdings from 30,000 shares to 5,000 shares—a -83.3% reduction in position size. The sale occurred when the stock was trading -6.1% from its 52-week high of $24.36, near recent strength (up 10.1% over 30 days and 13.3% over 90 days). This substantial divesting of a C-suite executive's holdings—leaving only 5,000 shares post-transaction—represents a material reduction in insider stakes and merits investor attention given the scale and the executive's operational role at the $1.5B market-cap company.