Fracassa Philip D.

Fracassa Philip D., EVP & CFO, has demonstrated a clear selling bias in recent insider transactions, with $3.1 million in total sales compared to $134,000 in purchases across two companies—American Woodmark Corporation (AMWD) and Timken Company (TKR). His most recent activity includes a $134,009 acquisition of AMWD shares on August 20, 2025, but this lone buy is overshadowed by three sales of TKR stock earlier in the year. On February 18, 2025, he sold $417,000 worth of TKR shares, following a $407,500 disposal on February 7, 2025, and a larger $897,600 sale on May 6, 2024. The transactions suggest a strategic reduction in his TKR holdings, particularly in early 2025, when multiple sales and derivative transactions (marked as "F" for gift or transfer) occurred within days of each other. The pattern is further emphasized by the absence of recent purchases in TKR, with the only buy activity concentrated in AMWD. While derivative transactions—such as the $551,339 transfer of TKR shares on February 13, 2025—do not represent open-market sales, they contribute to the overall reduction in his direct holdings. Fracassa’s trading history indicates a preference for divesting TKR positions over accumulating them, with sales in 2024 and early 2025 far outweighing his single AMWD purchase. The data reflects a measured shift away from TKR, though the retention of some holdings suggests continued, albeit diminished, exposure.