Griffon Corporation (GFF) Insider Sold 37,061 Shares for $103.32

Robert F. Mehmel, president and COO of Griffon Corporation (NYSE:GFF), sold 37,061 shares at a weighted average price of $103.32 on August 5 and 6. After the sale, he retains about 753,000 shares, valued at $80.05 million based on the August 6 market close of $106.30. The sale price was approximately 2.8% below the recent closing price. Griffon’s stock has appreciated 50% in the last twelve months, reflecting strong investor confidence in the company’s performance and market strategy for its consumer and professional products division.