Director Schmidt sells 21,000 CVLG shares (63.4% reduction) at $54.47–$56.20 for $1.16M total
Director Herbert J Schmidt executed 3 separate sales totaling 21,000 shares for $1,160,106.29, reducing his stake from 33,134 to 12,134 shares (a 63.4% reduction in holdings). The sales occurred at prices ranging from $54.47 to $56.20 with a blended average of $55.24, while the current market price stands at $27.98—significantly below the sale prices. The stock has risen 15.0% over the past 30 days and 23.2% over the past 90 days, suggesting recent upward momentum. Given the substantial reduction in his personal position, the timing of this liquidation relative to recent positive price action and the company's modest valuation metrics (P/E of 6.61) and revenue headwinds (-9.3% annual growth) merits attention to understand the director's capital allocation rationale.