This cluster is routine and non-informative. The CEO's cashless exercise pattern and the small proportional size relative to market cap indicate liquidity-driven sales, not bearish conviction. Monitor next quarterly filing for any fundamental changes, but no immediate trading action is warranted.
Price Chart
Executive Summary
Three AptarGroup insiders, including the CEO and two segment presidents, sold a combined $2.55M in open-market shares over a 7-day window. The CEO's sale of $1.34M was paired with a derivative exercise, while segment presidents sold $1.2M and $477K respectively. At $8.7B market cap, these sales represent ~0.03% of market cap — well below the 0.1% materiality threshold, making this a routine liquidity-driven cluster rather than an informed sell signal. The CEO's concurrent option exercise and same-day sale is a classic cashless exercise pattern, not a bearish conviction trade.
Key Financial Metrics
Key Facts
- CEO Stephan Tanda exercised 9,838 options at $74.79 and immediately sold the same shares at $136.16 for $1.34M
- Segment President Hedi Tlili sold 8,854 shares at $135.00 for $1.20M
- Segment President Marc Prieur sold 3,500 shares across two trades at ~$136.23-137.10 for $477K
- Total insider sales of $2.55M represent ~0.03% of ATR's $8.7B market cap
- All sales occurred within a 2-day window (Aug 3-4, 2026), suggesting coordinated blackout-window opening
Financial Impact
Insider sales of $2.55M represent 0.03% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if stock price continues to rise
- CEO's option exercise reduces his economic exposure to the stock
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ATR-1785967272808 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 29d ago | Insider Cluster | $128.31 $124.84 | ▼ −2.70% | ▼ −1.56% | $120.54 (−6.06%) |
Sep 1, 2026 4w ago | 8-K | $130.92 $122.11 | ▼ −6.73% | ▼ −6.81% | $120.54 (−7.93%) |
Aug 5, 2026 8w ago | Insider Cluster | $135.78 $132.57 | ▼ −2.36% | ▼ −3.58% | $120.54 (−11.23%) |
Aug 4, 2026 8w ago | Insider Cluster | $136.18 $134.75 | ▼ −1.05% | ▼ −0.95% | $120.54 (−11.49%) |
Jul 17, 2026 11w ago | Court Ruling | $132.61 $129.00 | ▼ −2.72% | ▼ −2.03% | $120.54 (−9.11%) |
Jun 10, 2026 16w ago | Insider Cluster | $114.67 $120.65 | ▲ +5.21% | ▲ +1.78% | $120.54 (+5.11%) |
Apr 30, 2026 22w ago | 8-K | $118.55 $120.99 | ▼ −2.06% | ▲ +0.29% | $120.54 (−1.67%) |
Mar 27, 2026 27w ago | DEFA14A | $121.51 $126.01 | ▲ +3.70% | ▼ −0.16% | $120.54 (−0.80%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access