Menzel Susan L 4

What Happened Susan L. Menzel, Executive Vice President and Chief Administrative Officer of CF Industries Holdings, Inc. (CF), sold 3,215 shares of CF stock in an open-market transaction on February 26, 2026. The reported weighted-average price was $97.00, for aggregate proceeds of approximately $311,859. The filing lists the transaction as a sale (code S).

Key Details

• Transaction date: 2026-02-26 (filed with the SEC on 2026-02-27 — timely filing)
• Shares sold: 3,215
• Price: weighted-average $97.00 (note: sales occurred at prices in the $97.0000–$97.0100 range)
• Proceeds: ~$311,859
• Shares owned after the transaction: Not specified in this Form 4 filing
• Footnote: The reported price is a weighted average; the filer can provide the number of shares sold at each price within the stated range upon request
• No mention of a 10b5-1 plan, option exercise, gift, or tax-withholding in this filing

Context This transaction is a straightforward open-market sale by a company officer. Sales by insiders are common and can reflect routine portfolio management or other personal reasons; a single sale does not by itself indicate management’s view of the company’s prospects. Retail investors should consider this filing along with other insider activity and company fundamentals before drawing conclusions.