DCI - Insider Decision: Scott Robinson Exercises Options At Donaldson For $956K | Benzinga
A large exercise of company stock options by Scott Robinson, Chief Financial Officer at Donaldson (NYSE:DCI) was disclosed in a new SEC filing on July 3, as part of an insider exercise.
What Happened: Disclosed in a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission, Robinson, Chief Financial Officer at Donaldson, executed a strategic derivative sale. This involved exercising stock options for 37,600 shares of DCI, resulting in a transaction value of $956,919.
As of Wednesday morning, Donaldson shares are down by 0.0%, with a current price of $70.88. This implies that Robinson's 37,600 shares have a value of $956,919.
Unveiling the Story Behind Donaldson
Donaldson is a leading manufacturer of filtration systems and replacement parts (including air filtration systems, liquid filtration systems, and dust, fume, and mist collectors). The company serves a diverse range of end markets, including construction, mining, agriculture, truck, and industrial. Its business is organized into three segments: mobile solutions, industrial solutions, and life sciences. Donaldson generated approximately $3.4 billion in revenue and $480 million in operating income in its fiscal 2023.
Donaldson: A Financial Overview
Positive Revenue Trend: Examining Donaldson's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue ...