CEO Mike Slessor sold 11,890 shares for $1,442,897.43 via 10b5-1 plan on 2026-06-10
Mike Slessor, who was CEO at the time of this filing, executed 7 separate sales totaling 11,890 shares for $1,442,897.43 on 2026-06-10 under a pre-arranged 10b5-1 trading plan adopted on 2025-08-19. This is a scheduled transaction, not discretionary activity. The blended average sale price of $121.35 sits below the current price of $130.24, meaning the stock has risen since the sale date. Slessor's prior trades at FORM show a pattern of negative returns after sales (ranging from -11.3% to -5.7% over both 30 and 90 days), though his cross-ticker track record shows an average 90-day return of -4.9% after sells. The post-transaction holding of 435,147 shares represents a -2.7% reduction in his FORM position. Given the scheduled nature of the transaction under a Rule 10b5-1 plan, this represents a predetermined execution rather than a discretionary timing decision by the insider.