van der Kolk sells 21,500 NVT shares at $116.89; reduces position by 52.6% to 19,348 shares
van der Kolk, President of EMEA and APAC, executed a substantial open-market sale of 21,500 shares at $116.89 on 2026-02-09, trimming his holdings by 52.6% from 40,848 to 19,348 shares. The sale occurred near NVT's 52-week high of $119.43, with the stock now trading at $112.15 (-6.1% from that peak). Historically, his two prior sales at NVT showed average 90-day returns of +28.3% and +28.2%, meaning both instances resulted in the stock rising after his sales—neither was well-timed by the metric that measures whether insiders sold before declines. The broader pattern across his cross-ticker history shows 0 of 2 prior sells achieving negative 90-day returns, indicating a pattern of selling into strength rather than ahead of downturns. This sale occurs in the context of NVT's fundamentals showing annual revenue decline of -7.9% and a relatively elevated P/E of 30.07, warranting examination of whether this magnitude of selling reflects changed conviction about near-term trajectory.