CFO Spice sells 1,365,665 shares ($103.1M) via 7 transactions on 2026-01-05 under scheduled 10b5-1 plan; post-sale holdings halved to 1,359,568 shares
On 2026-01-05, CFO Adam C. Spice executed 7 separate sales totaling 1,365,665 shares for $103,112,279.79, reducing his holdings from 2,725,233 shares to 1,359,568 shares—a net reduction of 50.1% of pre-transaction holdings. The sales occurred at prices ranging from $72.15 to $78.04, with a blended average of $75.50. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-09-19, meaning the sales were scheduled and non-discretionary. The magnitude of the divestiture—eliminating half his position in a single day—is material in absolute terms, though the structured, pre-planned nature of the sales removes any inference about market timing or near-term conviction regarding the stock.