The CEO's sale is small relative to market cap and paired with derivative exercise and tax withholding, indicating routine liquidity management rather than a bearish signal. The director's buy is negligible. No material insider conviction signal here — monitor next earnings for any fundamental changes.
Price Chart
Executive Summary
AMG CEO Jay Horgen executed a large derivative exercise and open-market sale of 17,500 shares worth $5.92M on June 8, 2026, alongside a tax-withholding surrender of 39,671 shares. Director Annette Franqui made a small open-market purchase of 750 shares ($229K) on June 1. The CEO's sale is the dominant signal by dollar value, but the derivative exercise and tax withholding suggest the sale is likely liquidity-driven rather than a bearish conviction trade.
Key Financial Metrics
Key Facts
- CEO Jay Horgen sold 17,500 shares open-market for $5.92M at $338.27 on June 8, 2026
- CEO also exercised 75,000 derivative shares at $0 (non-cash) and 75,000 at $74.49 ($5.59M exercise cost)
- CEO surrendered 39,671 shares for tax withholding ($13.35M), a non-cash disposition
- Director Annette Franqui bought 750 shares open-market for $229K at $304.88 on June 1, 2026
- Total open-market sales ($5.92M) represent ~0.07% of AMG's $8.9B market cap — trivial
- Historical calibration shows prior AMG reports had strong T+20 performance (100% win rate, +3.68% avg return)
Financial Impact
CEO open-market sale of $5.92M is 0.07% of market cap; director purchase of $229K is 0.003% of market cap
Risk Factors
- CEO sale could be misinterpreted as bearish by the market despite being liquidity-driven
- Derivative exercise adds 75,000 shares to the float (though partially offset by tax withholding surrender)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AMG-1780961083943 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 30, 2026 9w ago | 8-K | $365.46 $370.48 | ▲ +1.37% | ▼ −2.59% | $371.43 (+1.63%) |
Jul 30, 2026 9w ago | Press Release | $365.46 $370.48 | ▲ +1.37% | ▼ −2.59% | $371.43 (+1.63%) |
Jul 24, 2026 10w ago | Press Release | $363.80 $358.94 | ▼ −1.34% | ▼ −4.63% | $371.43 (+2.10%) |
Jul 23, 2026 10w ago | Institutional Cluster | $347.77 $352.61 | ▲ +1.39% | ▼ −1.92% | $371.43 (+6.80%) |
Jun 8, 2026 16w ago | Insider Cluster | $342.12 $359.72 | ▲ +5.14% | ▲ +3.70% | $371.43 (+8.57%) |
May 6, 2026 21w ago | Insider Cluster | $306.01 $311.61 | ▲ +1.83% | ▼ −0.95% | $371.43 (+21.38%) |
May 1, 2026 22w ago | Press Release | $291.06 $302.45 | ▲ +3.91% | ▼ −1.37% | $371.43 (+27.61%) |
US Market Status
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