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Updated · Yahoo Finance · Aug 24Resideo CEO Buys 15,000 Shares for $306,900, Lifting Stake 5%
3 articles · Updated · Yahoo Finance · Aug 24Summary
- Thomas A. Surran bought 15,000 Resideo shares on Aug. 14 at a weighted average $20.46, according to an SEC Form 4 filed Monday.
- That purchase raised the CEO's directly held stake to 338,573 shares from 323,573, a 5% increase.
- At Resideo's Aug. 14 close of $20.50, Surran's direct holdings were worth about $6.9 million.
- Resideo, valued at roughly $3 billion, reported trailing 12-month revenue of $7.7 billion and net income of $379 million.
Insights
Why did Resideo executives heavily buy shares just days after a massive corporate spin-off and amid looming supply chain headwinds? Will the loss of a major OEM customer derail Resideo's high-margin strategy despite the CEO's recent $306,900 vote of confidence?