GNRC - Major Decision: John Patrick Forsythe Exercises Options Realizing $6.53M At Generac Hldgs | Benzinga
A substantial insider activity was disclosed on May 28, as Forsythe, Chief Technical Officer at Generac Hldgs (NYSE:GNRC), reported the exercise of a large sell of company stock options.
What Happened: Forsythe, Chief Technical Officer at Generac Hldgs, exercised stock options for 65,855 shares of GNRC stock. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The exercise price of the options was $50.96 per share.
The latest update on Wednesday morning shows Generac Hldgs shares down by 0.79%, trading at $150.06. At this price, Forsythe's 65,855 shares are worth $6,526,660.
Delving into Generac Hldgs's Background
Generac designs and manufactures power generation equipment serving residential, commercial, and industrial markets. It offers standby generators, portable generators, lighting, outdoor power equipment, and a suite of clean energy products. Sales generated in the United States account for the majority of total sales.
Generac Hldgs: Financial Performance Dissected
Revenue Growth: Generac Hldgs's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 0.15%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, ...