Director Mary Paladino sold 42,750 shares of PLAB at $24.00 on 2025-10-02, reducing holdings by 55.8%.
Mary Paladino, a director at Photronics Inc (PLAB), sold 42,750 shares at $24.00 on 2025-10-02, reducing her holdings from 76,548 shares to 33,798 shares—a substantial 55.8% reduction of her pre-transaction position. The sale occurred at a price $1.05 below the current market price of $25.05, and below the 52-week high of $28.06, suggesting the sale was not executed at peak valuation. The company trades at a P/E of 11.82 with modest positive net income of $22.9M on revenue of $210.4M, though annual revenue has declined 2.8% year-over-year. The sale represents a material reduction in insider ownership without additional context on timing constraints or portfolio considerations.