Research Summary
AI-generated summary of this SEC filing
Korn Ferry (KFY) Michael Distefano Sells 3,370 Shares
What Happened
Michael Distefano, who is listed as Chief Executive Officer of Professional Search & Interim at Korn Ferry, reported a sale of 3,370 shares on 2026-07-15. The shares were disposed at $74.55 each for a total transaction value of $251,234. This was a sale (S), which is commonly a routine liquidity event rather than a direct signal of company outlook.
Key Details
- Transaction date: 2026-07-15
- Price per share: $74.55
- Shares sold: 3,370
- Total value: $251,234
- Transaction type: Reported as an open market or private sale (code S)
- Form 4 filed: 2026-07-16 (timely filing relative to the 7/15 transaction)
- Shares owned after transaction: Not specified in the provided filing excerpt
- Remarks: Role reported as "Chief Executive Officer of Professional Search & Interim"
- No 10b5-1 plan, tax withholding, or other footnotes were disclosed in the provided excerpt
Context
Sales by corporate officers can be for many reasons (diversification, tax planning, personal needs) and don't necessarily reflect a change in insider sentiment. Purchases tend to be more informative about insider conviction. This filing appears to be a routine disclosure of an insider sale and was reported promptly the next business day.