Menzel Susan L 4

What Happened
Susan L. Menzel, Executive Vice President and Chief Administrative Officer of CF Industries Holdings, sold 7,200 shares of CF common stock in an open-market/private sale on March 5, 2026. The shares were sold at $111.00 per share for a total of approximately $799,200. This was a sale (S), which is generally a routine disposition and not itself an indication of company performance.

Key Details

• Transaction date: 2026-03-05
• Transaction type: Sale (open market or private sale)
• Shares sold: 7,200 at $111.00 per share
• Total proceeds: ~$799,200
• Filing date / timeliness: Form 4 filed 2026-03-09 — within the 2-business-day SEC filing window for a Mar 5 transaction
• Shares owned after transaction: Not included in the provided excerpt of the filing
• No 10b5-1 plan or tax-withholding notation was indicated in the provided details

Context
Insider sales are common for reasons like diversification, liquidity needs, or planned transactions; they do not by themselves signal judgment about company fundamentals. Because this filing shows a straightforward sale with no additional notations (e.g., 10b5-1 plan or option exercise), retail investors should treat it as a routine insider disposition unless further disclosures indicate otherwise.