Chief Financial Officer Brian G. Harris reported a sale of 11,050 shares of Griffon Corporation (NYSE:GFF) on August 5, according to an SEC Form 4 filing.
Transaction summary
Transaction value based on SEC Form 4 weighted average sale price ($103.27); post-transaction value based on the August 5 market close ($102.81).
Key questions
How does this disposition align with the insider’s total equity exposure?
Following the sale of 8% of his direct holdings, Brian G. Harris retains close to 139,000 total shares, representing a beneficial ownership value of $14.28 million as of the August 5 market close.What were the execution details for the reported sale?
The transaction was executed in multiple trades at weighted-average prices ranging from $103.00 to $104.05 per share, according to the transaction footnotes.What is the current scale of Griffon Corporation’s operations?
Griffon Corporation maintains a market capitalization of $4.9 billion and reported trailing-twelve-month revenue of $2.5 billion.How has the stock performed leading up to this transaction?
As of the transaction date, the stock has appreciated close to 50% over the trailing 12 months and was priced at $106.30 as of the August 6 market close.
Company Overview
Company Snapshot
Griffon Corporation manufactures and distributes a comprehensive portfolio of consumer, professional, and home & building products through its global subsidiaries, generating revenue across residential and commercial markets in North America, Europe, Australia, and other international territories.
The company operates through its Consumer and Professional Products division, which develops and commercializes a wide spectrum of branded products designed for both residential and commercial applications, generating revenue through direct sales, distribution partnerships, and retail channels.
Griffon serves a diversified customer base, including homeowners, professional contractors, commercial enterprises, and retail distributors, positioning itself as a comprehensive supplier of construction materials and home improvement products across multiple end markets.
Griffon Corporation is a diversified global enterprise with a market capitalization of $4.9 billion. The company leverages its extensive product portfolio and international distribution network to maintain competitive positioning in the construction materials and home & building products sectors. With a one-year share price appreciation of 50%, Griffon demonstrates strong market performance driven by operational execution and favorable market conditions in its core end markets.
