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Chairman and CEO Greg Christopher sold roughly $18.6 million worth of shares on August 10 and 11. While this is a large dollar amount, it is common for executives to sell portions of their holdings for personal financial planning or to diversify their own wealth.
Because the company is performing well and the CEO still holds a significant stake, these sales do not usually signal a lack of faith in the business. Unless selling becomes a pattern that drains an executive's entire stake, it is generally not a reason for long-term owners to worry.
Gary Gladstein notified the board he will retire on December 31, 2026. He has been a fixture at the company for three decades, previously serving as chairman and lead independent director. This is an orderly, planned exit with months of notice, which is the standard way well-run companies handle board transitions. The same filing confirmed a quarterly dividend of 17.5 cents per share, which will be paid on September 18.
Source: 8-K filing
Quarterly earnings report on 2026-07-21. Earnings per share: $1.13 vs $1.09 expected. Revenue: $1.43 billion vs $1.27 billion expected.
Management consistently sets a bar they can clear, having beaten their own profit targets in six of the last eight quarters while growing sales faster than analysts expected.
| Expectation | |
|---|---|
| EPS | $1.05 |
| Revenue | $1.28B |
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