Griffith Susan Patricia’s recent SEC Form 4 filings reveal a pronounced sell-side bias, with her open-market transactions totaling roughly $30.9 million in sales and zero purchases across her 55 reported trades. The activity concentrates in two tickers—Progressive Corp. (PGR) and FedEx Corp. (FDX)—with the bulk of realized value coming from PGR. Her three most recent open-market sales occurred on July 28, 2025, September 2, 2025, and July 27, 2026, each exceeding $7.4 million, with the latest transaction at $7.94 million. These sales are interspersed with routine compensation events—awards (code A) valued at zero, option exercises (code M), and shares withheld for taxes (code F)—which account for the mechanical, non-discretionary volume in her filings.
The pattern is consistent with a long-tenured executive monetizing equity compensation rather than a directional bet on either company. Her only acquisition of note was a $139,999.04 award in FDX on September 29, 2025, which is a grant, not a purchase. The most recent cluster of PGR activity in July 2026 includes a $12.48 million tax-withholding event (code F) alongside a $7.94 million open-market sale, suggesting the sale was tied to a vesting or exercise cycle. Over the full window, her total acquired value of $139,999.04 is dwarfed by the $30.9 million in sales, reinforcing that her Form 4 history is dominated by liquidity events rather than accumulation. No open-market buys appear in the data, leaving the selling bias unambiguous.
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