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Nomad Foods Ltd·4

May 13, 5:03 PM ET

Gottesman Noam 4

Research Summary

AI-generated summary

Updated

Nomad Foods (NOMD) Director Noam Gottesman Buys 700,000 Shares

What Happened
Noam Gottesman, a director and co‑chair of Nomad Foods Ltd (NOMD), acquired a total of 700,000 common shares in two open‑market purchases (transaction code P). On May 11, 2026 he purchased 500,000 shares at a weighted average price of $9.57 (prices ranged $9.48–$9.655) for about $4,785,450. On May 12, 2026 he purchased 200,000 shares at a weighted average price of $9.23 (prices ranged $9.11–$9.32) for about $1,846,960. The combined cash outlay was approximately $6,632,410. Purchases are generally considered a bullish signal relative to sales because the insider spent personal funds to add shares.

Key Details

  • Transaction dates: May 11, 2026 (500,000 shares @ $9.57 WAP; range $9.48–$9.655) and May 12, 2026 (200,000 shares @ $9.23 WAP; range $9.11–$9.32). (Weighted average prices and ranges reported via footnotes.)
  • Total shares acquired: 700,000; total value ≈ $6,632,410.
  • Transaction type: Open‑market or private purchase (code P) as reported on Form 4 filed May 13, 2026.
  • Shares held after transaction: Not specified in the provided excerpt of the filing.
  • Notable footnotes:
    • F1/F3: Prices shown are weighted averages across multiple trades; the filing offers to provide the breakdown on request.
    • F2: Some shares are held indirectly through TOMS Capital Investments LLC, of which Gottesman controls and indirectly owns 100% of the interests; he disclaims beneficial ownership to the extent of pecuniary interest.
    • F4: Separately, certain option awards (described in the filing) are subject to purchase and performance vesting conditions (vesting tied to share purchase requirement and a performance period through May 7, 2031).

Context

  • These were outright purchases (not option exercises or awards). The filing does not indicate any immediate sales of the purchased shares.
  • The Form 4 was filed on May 13, 2026; there is no indication in the provided data that the filing was late.
  • For retail investors: insider purchases can be a useful data point, but should be considered alongside company fundamentals and broader market factors.