Reiss Joel 4
4 · TransDigm Group INC · Filed Jul 17, 2026
Research Summary
AI-generated summary of this filing
TransDigm (TDG) COO Joel Reiss Exercises Options, Sells Shares
What Happened
- Joel Reiss, Chief Operating Officer of TransDigm Group (TDG), exercised/converted derivatives (code M) and acquired a total of 7,800 shares (two entries of 3,900 each). One exercise reported a cash cost of $284.97 per share (3,900 shares; $1,111,383); the other 3,900-share conversion is reported at $0.00.
- On the same date (2026-07-15) he sold 3,486 shares in multiple open-market transactions (code S) at prices ranging roughly from $1,195 to $1,229, producing gross proceeds of $4,239,695. The weighted average sale price was about $1,217 per share.
- Net from these reported entries, Reiss acquired 7,800 shares and sold 3,486 — a net increase of 4,314 shares for him based on this filing. These transactions show option exercise followed by partial sale (common for exercise/tax/liquidity reasons), not a directional endorsement of the stock.
Key Details
- Transaction date: July 15, 2026; Form filed July 17, 2026 (timely).
- Options exercised: 7,800 shares total (two entries of 3,900). Reported cash cost shown: $1,111,383 (for the $284.97 exercise).
- Shares sold: 3,486 shares, gross proceeds $4,239,695, weighted average ~ $1,217/share.
- Footnotes: Multiple footnotes (F1–F28) indicate the sales occurred in many small lots at varying prices within ranges (≈ $1,195.03–$1,229.44); reported prices are weighted averages for groups of trades.
- Shares owned after transaction: not specified in this portion of the filing (this is the first of two Form 4s for these transactions).
Context
- M = option exercise/derivative conversion; S = open-market sale. This pattern (exercise then sell some shares) is commonly used to cover exercise cost or taxes or to diversify — the filing itself does not state motive.
- Because this is the first of two Form 4s for the transaction, additional detail (including full post-transaction holdings) may appear in the subsequent filing.
Insider Transaction Report
Form 4
Reiss Joel
Co-Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2026-07-15$284.97/sh+3,900$1,111,383→ 7,500 total - Sale
Common Stock
[F1]2026-07-15$1195.20/sh−10$11,952→ 7,490 total - Sale
Common Stock
[F2]2026-07-15$1197.85/sh−70$83,850→ 7,420 total - Sale
Common Stock
[F3]2026-07-15$1198.80/sh−80$95,904→ 7,340 total - Sale
Common Stock
[F4]2026-07-15$1200.14/sh−156$187,222→ 7,184 total - Sale
Common Stock
[F5]2026-07-15$1201.32/sh−160$192,211→ 7,024 total - Sale
Common Stock
[F6]2026-07-15$1202.44/sh−116$139,483→ 6,908 total - Sale
Common Stock
[F7]2026-07-15$1203.80/sh−74$89,081→ 6,834 total - Sale
Common Stock
2026-07-15$1204.60/sh−10$12,046→ 6,824 total - Sale
Common Stock
[F8]2026-07-15$1206.69/sh−30$36,201→ 6,794 total - Sale
Common Stock
[F9]2026-07-15$1208.51/sh−60$72,510→ 6,734 total - Sale
Common Stock
[F10]2026-07-15$1209.20/sh−80$96,736→ 6,654 total - Sale
Common Stock
[F11]2026-07-15$1210.31/sh−30$36,309→ 6,624 total - Sale
Common Stock
[F12]2026-07-15$1211.50/sh−90$109,035→ 6,534 total - Sale
Common Stock
[F13]2026-07-15$1212.59/sh−110$133,385→ 6,424 total - Sale
Common Stock
[F14]2026-07-15$1213.73/sh−170$206,334→ 6,254 total - Sale
Common Stock
[F15]2026-07-15$1215.13/sh−211$256,392→ 6,043 total - Sale
Common Stock
[F16]2026-07-15$1216.22/sh−239$290,678→ 5,804 total - Sale
Common Stock
[F17]2026-07-15$1217.25/sh−60$73,035→ 5,744 total - Sale
Common Stock
[F18]2026-07-15$1218.22/sh−90$109,640→ 5,654 total - Sale
Common Stock
[F19]2026-07-15$1219.30/sh−90$109,737→ 5,564 total - Sale
Common Stock
[F20]2026-07-15$1220.50/sh−140$170,869→ 5,424 total - Sale
Common Stock
[F21]2026-07-15$1221.53/sh−210$256,521→ 5,214 total - Sale
Common Stock
[F22]2026-07-15$1222.60/sh−60$73,356→ 5,154 total - Sale
Common Stock
[F23]2026-07-15$1223.51/sh−138$168,845→ 5,016 total - Sale
Common Stock
[F24]2026-07-15$1224.62/sh−509$623,332→ 4,507 total - Sale
Common Stock
[F25]2026-07-15$1225.62/sh−153$187,519→ 4,354 total - Sale
Common Stock
[F26]2026-07-15$1226.98/sh−40$49,079→ 4,314 total - Sale
Common Stock
[F27]2026-07-15$1227.82/sh−210$257,842→ 4,104 total - Sale
Common Stock
[F28]2026-07-15$1228.79/sh−90$110,591→ 4,014 total - Exercise/Conversion
Stock Option
2026-07-15+3,900→ 19,700 totalExercise: $284.97From: 2021-09-30Exp: 2027-11-08→ Common Stock (3,900 underlying)
Footnotes (28)
- [F1]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,195.0300 - $1,195.3200. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F10]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,208.9700 - $1,209.4000. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F11]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,210.1300 - $1,210.4500. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F12]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,211.1600 - $1,211.9300. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F13]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,212.2400 - $1,213.0100. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F14]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,213.2600 - $1,214.1500. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F15]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,214.6500 - $1,215.6200 The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F16]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,215.6600 - $1,216.6400. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F17]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,216.7200 - $1,217.6700. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F18]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,217.8300 - $1,218.6200. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F19]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,218.9300 - $1,219.6900. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F2]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,197.5000 - $1,198.4400. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F20]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,220.0600 - $1,221.0400. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F21]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,221.0900 - $1,222.0600. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F22]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,222.1300 - $1,223.1200. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F23]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,223.1500 - $1,224.1200. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F24]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,224.1600 - $1,225.1300. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F25]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,225.2200 - $1,226.1000. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F26]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,226.4000- $1,227.3200. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F27]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,227.5200- $1,228.4600. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F28]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,228.5700 - $1,229.4400. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F3]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,198.6500 - $1,199.4500. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F4]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,199.8400 - $1,200.5700. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F5]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,200.8800 - $1,2201.7100. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F6]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,202.0100 - $1,202.9200. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F7]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,203.0500 - $1,204.0300. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F8]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,206.4600 - $1,207.0900. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F9]Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,207.9200 - $1,208.9000. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
Signature
/s/ Rachel L. Quinlan as attorney in fact for Joel Reiss|2026-07-17