medium
Sell
41,517 shares
$1,826,748
Significance
5/10
CFO Rivera sold 41,517 shares ($1.8M) at $44.00; holdings fell to 136.2K shares (-23.4%)
Eric Rivera, President and CFO of Photronics, executed 2 separate sales totaling 41,517 shares for $1,826,748.00, reducing his post-transaction holdings from 177.7K to 136.2K shares. The sales occurred at $44.00 per share while the stock currently trades at $45.67, near its 52-week high. The company reported positive fundamentals in its latest quarter ($225.1M revenue, $42.9M net income) with a moderate P/E of 19.77, though annual revenue declined 2.0% year-over-year. The substantial 23.4% reduction in his holdings merits monitoring, though without scheduled trading plan disclosure, transaction timing context is unavailable.