EVP Gerard Smyth sold 6,255 AMP shares at $472.52 on 2026-05-14 for $2,955,606.97, reducing holdings 50.6%.
Gerard Smyth, EVP & Head of Technology & Service Delivery, sold 6,255 shares (50.6% of his pre-transaction holdings of 12,358 shares) for a total of $2,955,606.97. His prior open-market sells across all tickers averaged +8.1% returns at the 90-day mark, with a 0.00% well-timed rate—meaning none of his prior sells preceded declines. At AMP specifically, his two prior measurable sales (2024-02-26 and prior) showed +8.3% and +7.9% 90-day returns, also poorly timed. The current stock trades at $471.18, -14.4% from its 52-week high of $550.18, suggesting the sale occurred during elevated valuation. AMP's fundamentals remain solid with $4.8B quarterly revenue, $915.0M net income, and a P/E of 10.87, showing no distress signals. The substantial reduction in his holdings warrants monitoring to determine whether this sale pattern continues or whether context (such as portfolio rebalancing or liquidity needs unrelated to the stock's prospects) explains the transaction.