A Griffon Insider Sold Into an Earnings Jump but Kept $80 Million in Stock. Here's What to Know
Mehmel disposed of 37,061 shares in early August, reducing direct holdings by 5% while retaining an $80 million equity stake in the construction materials company.
Overview
Robert F. Mehmel, the president and COO of Griffon Corporation (NYSE:GFF), sold 37,061 shares of common stock on August 5 and August 6, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($103.32); post-transaction value based on August 6, 2026 market close ($106.30).
Details
Griffon Corporation is a global enterprise with a market capitalization of $4.9 billion, positioning itself as a significant player in the construction materials and home & building products sector. Trading at $106.30 as of August 6, 2026, the stock has appreciated 50% over the preceding twelve months, indicating robust investor confidence in the company's strategic execution and market positioning.
Source
Originally published at www.fool.com.
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