Griffon COO Sells 37,061 Shares and Keeps About $80M in Stock
Griffon president and COO Robert F. Mehmel sold 37,061 shares of common stock on August 5 and 6, per an SEC Form 4. The shares sold at a weighted average of $103.32, about 2.8% below the August 6 close of $106.30. He still holds roughly 753,000 shares worth $80.05 million. Griffon also carries well over $1 billion in long-term debt, making cash flow and demand an ongoing focus.