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EdgarHawk

Todd M Cleveland

Director

Director

Latest: Director selling · May 2026

8 filings analyzed · 2 companies · Latest 2026-06-16

Companies

Company Buys Sells Direction
IES Holdings, Inc. IESC 0 39 Net selling
PATRICK INDUSTRIES INC PATK 5 2 Net buying

Activity

June 2026
2026-06-16 IES Holdings, Inc. IESC
medium
Sell
5,000 shares
$3,809,460
Significance 6/10

Todd M Cleveland (Director) sold 5,000 shares at IESC for $3,809,460.00 on 2026-06-12; now holds 60,874 shares.

Todd M Cleveland, a Director at IES Holdings, Inc., executed 4 separate sales totaling 5,000 shares for $3,809,460.00 on 2026-06-12, reducing his holdings by -7.6% to 60,874 shares post-transaction. The blended average price of $761.89 per share represents a transaction executed near the 52-week high of $779.00; the current price is $695.81, which is -10.7% from the 52-week high. Over his prior 5 trades at IESC (all on 2026-05-08), Cleveland sold into strength with 30-day returns ranging from +7.5% to +8.6%, though 90-day outcomes remain unmeasurable. The company reports strong fundamentals—revenue of $974.3M in the latest quarter, net income of $110.3M, and annual revenue growth of +16.9%—yet trades at a P/E of 43.24 on a market cap of $13.9B. The timing of this sale, paired with the historical pattern of same-ticker sales just one month prior, warrants attention to whether this reflects discretionary portfolio management or a broader directional view.

May 2026
2026-05-08 IES Holdings, Inc. IESC
medium
Sell
12,500 shares
$8,310,608
Significance 6/10

Director Cleveland Todd M sells 12,500 shares (roughly 16% of holdings) in 15 tranches totaling $8.31M

Director Cleveland Todd M executed a substantial liquidation of his IESC stake, disposing of over 12,000 shares across 15 separate sales on May 6 and May 8. His prior exits in this stock—most recently in early March—were well-timed in the near term as the stock declined immediately afterward, but poorly-timed over a longer horizon as shares rallied significantly in the subsequent weeks. This current sale occurs as the stock trades near its 52-week high after a sharp rally, presenting a starkly different backdrop from his prior exits which happened at lower price levels. The company remains fundamentally sound, posting strong revenue growth and solid profitability, which makes this large director liquidation noteworthy as a directional shift rather than a response to deteriorating business conditions. The pattern of fragmented sales across multiple prices and trading days, combined with his historical tendency to sell (46 prior sales against just 4 prior purchases in the past three years), suggests this is a continuation of established selling behavior rather than an unusual capitulation move.

March 2026
2026-03-04 IES Holdings, Inc. IESC
high
Sell
2,500 shares
$1,254,892
Significance 6/10

Director Todd Cleveland sells 2,500 shares for $1,254,892 across 3 days; price already -6.1% from 52-week high.

Cleveland Todd M, a Director, completed 7 separate sales totaling 2,500 shares for $1,254,892.00 over March 2–4, 2026, at a blended average price of $501.96. The sales reduced his holdings by 3.1% from 80,589 to 78,089 shares. The timing is noteworthy: the current price ($487.77) is already 6.1% below the 52-week high of $519.67, and the three-day selling window (March 2–4) occurred near the stock's recent peak—the transaction prices ($500–$513) were close to or above current levels. His cross-ticker track record shows 16 prior sells with a 25.00% well-timed rate (meaning his sales historically preceded declines only one-quarter of the time), suggesting his sell decisions do not reliably precede price weakness. At the same ticker (IESC), he conducted 5 prior sales on February 25–26, with outcomes not yet measurable; pattern timing at IESC is 0 of 0 well-timed. The company's fundamentals remain solid (P/E 30.33, +16.9% annual revenue growth, $91.8M net income on $871.0M revenue), but the concentrated selling immediately after the stock approached 52-week highs may warrant monitoring as a director-level signal, regardless of historical timing acuity.

February 2026
2026-02-26 IES Holdings, Inc. IESC
medium
Sell
5,000 shares
$2,559,688
Significance 5/10

Director Cleveland Todd M sold 5,000 shares at blended avg $511.94 for $2.6M; 8 separate sales over 3 days; post-transaction holdings 80.8K shares.

Cleveland Todd M, a director, executed 8 separate sales totaling 5,000 shares for $2,559,687.87 across February 24–26, 2026, reducing his holdings from 85.8K to 80.8K shares (a 5.8% reduction). The transactions occurred at prices clustered around the blended average of $511.94, close to the current price of $515.05. His prior sales at IESC have consistently underperformed: all 5 prior sales in the same-ticker history showed positive 90-day returns (+41.4% to +45.5%), indicating the stock rallied after each prior exit and none were well-timed. Cross-ticker, his 16 prior sells averaged a 9.2% 30-day return and 18.6% 90-day return, with only 31.25% well-timed. The stock is near its 52-week high of $519.67 and up 8.0% over 30 days and 23.0% over 90 days, suggesting sustained recent strength. Given the company's strong fundamentals (P/E 32.03, +16.9% annual revenue growth, $91.8M net income on $871.0M quarterly revenue), this multi-transaction sale occurs in a context of elevated valuations and elevated recent performance rather than signaling distress.

June 2025
2025-06-04 PATRICK INDUSTRIES INC PATK
high
Buy
3,000 shares
$247,850
Significance 7/10

Director Todd M Cleveland bought 3,000 shares ($247,850) at PATK in two transactions; at $82.62 avg vs $86.85 current. Track record: 3 of 3 prior same-ticker trades well-timed at 90d.

Director Todd M Cleveland executed 2 separate open-market purchases totaling 3,000 shares for $247,850.00, with a blended average price of $82.62 per share on 2025-06-02 and 2025-06-03. The current price of $86.85 is +4.7% over the past 30 days and sits -11.4% from the 52-week high of $97.97, within the $69.00–$97.97 range. Notably, at this ticker, Cleveland's prior trading history shows a perfect 3-of-3 record of well-timed outcomes at the 90-day mark: two sales on 2024-09-12 and 2024-09-13 were followed by declines of -28.0% and -30.4% respectively (90-day); a sale on 2024-03-01 saw a 90-day decline of -37.1%. Two recent buys at PATK on 2025-05-15 and 2025-05-19 lack measurable outcomes yet. The company shows solid fundamentals: $1,003,420,000 in latest quarterly revenue, $38,238,000 net income, +7.1% annual revenue growth, and a P/E of 20.53.

May 2025
2025-05-19 PATRICK INDUSTRIES INC PATK
medium
Buy
11,000 shares
$952,259
Significance 6/10

Director Cleveland Todd M buys 11,000 shares at $86.57 avg for $952.3K, raising stake to 130.3K shares (+9.2%)

Director Cleveland Todd M made 2 separate purchases totaling 11,000 shares for $952,259.00 at a blended average price of $86.57, executed on 2025-05-15 and 2025-05-19. His stake increased from 119,286 shares to 130,286 shares, a 9.2% increase in holdings. The current stock price of $87.75 sits only 1.4% above the blended entry price, and the company's 20.74 P/E and $1.0B revenue base reflect a mature, moderately valued industrial supplier. What merits attention is the sharp contrast between this director's purchase activity at PATRICK INDUSTRIES and his prior trading pattern at this ticker: his last 5 trades at PATK were all sells in 2023–2024, each followed by stock declines of 19.3% to 37.8% over 90 days, exhibiting a 100% well-timed rate. The shift from a consistent, accurate seller to a buyer represents a reversal in his disclosed transaction behavior at this specific company.

September 2024
2024-09-13 IES Holdings, Inc. IESC
medium
Sell
10,000 shares
$1,535,712
Significance 5/10

Director Cleveland Todd M sells 10,000 shares at avg $153.57; stock down 5.8% in 30d, up 20.7% in 90d; prior IESC sales poorly timed.

Director Cleveland Todd M executed 5 separate sales totaling 10,000 shares for $1,535,712.45 on 2024-09-11, reducing his holding by 8.7% to 104.7K shares. The blended average transaction price was $153.57, compared to a current price of $161.11 — meaning the stock has appreciated 4.8% since the sale. Over his 5 prior trades at IESC (all in March 2024), none were well-timed at the 90-day mark; the stock rose by 10.3%–28.6% after those sales, indicating he sold ahead of gains. This latest filing shows the same pattern: the stock is already 4.8% higher than his execution price, and his cross-ticker track record shows a 66.67% 90-day well-timed rate, yet at IESC specifically, his timing track record is 0 of 5. The company's fundamentals remain solid (P/E 26.20, +9.7% annual revenue growth, $66.6M net income), but the repeated pattern of selling before rallies at this specific ticker merits attention.

2024-09-13 PATRICK INDUSTRIES INC PATK
high
Sell
10,000 shares
$1,321,582
Significance 8/10

Director Cleveland Todd M sold 10,000 PATK shares for $1,321,582.50; 5 of 5 prior same-ticker sells were well-timed, stock down -29% revenue YoY.

Cleveland Todd M executed 2 separate sales totaling 10,000 shares for $1,321,582.50 on 2024-09-12 and 2024-09-13, reducing his holdings by 11.1% to 79,874 shares. His track record at PATK is notably strong: all 5 prior sales at this ticker were well-timed, with 90-day post-sale declines ranging from -17.1% to -37.8%, and 5 of 5 achieving negative 90-day returns. This pattern of consistent well-timed exits at PATK stands in contrast to his cross-ticker track record (90d well-timed rate of 60.00%). The company faces structural headwinds: annual revenue declined 29.0% year-over-year, though current valuation remains moderate at P/E 13.17 and the stock has recovered +30.8% over 90 days. The director's deliberate scale of the sale ($1.3M, 11% of holdings) coupled with his demonstrated ability to exit before subsequent declines suggests heightened importance to monitor near-term price action against his established timing pattern.

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