EVP Michael James Morrissey sells 58,331 shares for $5,675,001.59 in 3 transactions; holdings reduced 68.0%
Michael James Morrissey, EVP Head of Tech. Operations, executed 3 separate sales totaling 58,331 shares for $5,675,001.59 on December 16-17, 2025, at a blended average price of $97.29. This transaction reduces his holdings from 85,838 shares to 27,507 shares, a reduction of 68.0% of pre-transaction holdings. The current stock price of $97.31 is 10.1% below the 52-week high of $108.26 and has declined 6.3% over the past 30 days, even as the company reports strong fundamentals with revenue growth of 14.8% annually and a P/E ratio of 16.08. The magnitude of the position reduction and the timing relative to recent downward price pressure warrant investor attention to understand the business and strategic context behind this substantial equity reduction by a senior technology executive.