Sharp Jay 4
Research Summary
AI-generated summary
Limbach (LMB) EVP Jay Sharp Sells 2,000 Shares
What Happened
- Jay Sharp, Executive Vice President of Limbach Holdings, sold 2,000 shares of LMB common stock on March 16, 2026 in four open-market transactions, generating total proceeds of approximately $159,972. The individual sales were: 491 shares at a weighted avg $78.61 ($38,599), 709 shares at $79.52 ($56,380), 300 shares at $80.55 ($24,165), and 500 shares at $81.66 ($40,828). In addition, Sharp made a bona fide gift of 700 shares the same day (no proceeds).
Key Details
- Transaction date (reporting period): March 16, 2026; Form 4 filed March 18, 2026 (timely filing).
- Sale proceeds (total): ~$159,972; Gift: 700 shares (no consideration).
- Price details / execution notes:
- 491 shares at weighted avg $78.61 (trades ranged $78.00–$78.98).
- 709 shares at weighted avg $79.52 (trades ranged $79.00–$79.87).
- 300 shares at weighted avg $80.55 (trades ranged $80.03–$80.96).
- 500 shares at weighted avg $81.66 (trades ranged $81.30–$81.72).
- At least one sale was executed pursuant to a 10b5-1 trading plan adopted March 14, 2025, per the filing.
- Shares owned after transaction: not specified in the provided filing data.
- Filing timeliness: reported within the two-business-day Form 4 window (filed Mar 18).
Context
- These were sales and a gift—not purchases—so they generally reflect disposition of holdings rather than a bullish buy signal. The filing notes the gift is a bona fide transfer and therefore should not be read as market sentiment. Sales executed under a 10b5-1 plan are pre-arranged and often routine.