Director selling at trivial proportion after positive earnings is not a signal. No trade recommendation. Monitor next 10-Q for any change in fundamental trajectory or insider selling acceleration.
Price Chart
Executive Summary
Two CHD directors sold a combined $1.8M in open-market sales within a week of Q2 earnings that beat outlook. Director Irwin also exercised derivatives at $0 cost before selling. Sales total ~0.007% of market cap — trivial from a proportionality standpoint. The cluster coincides with a guidance raise, making the selling more likely routine portfolio rebalancing than informed bearishness.
Key Financial Metrics
Key Facts
- Cluster of 2 directors sold total $1.8M (0.007% of $24.4B market cap) in open-market sales.
- Sales occurred 5-12 days after Q2 2026 earnings beat and full-year guidance raise (8-K filed 2026-07-31).
- Director Irwin exercised 4,300 options at $77.33 and immediately sold the shares at $102.69 (same-day exercise-and-sell).
- Total open-market sales of $1.80M are trivial relative to $24.4B market cap — under 0.01%.
- Prior 30-day insider activity was also 2 sells totaling $1.8M, consistent with ongoing small-scale director selling.
Financial Impact
Total open-market selling of $1.8M is 0.007% of market cap — immaterial
Risk Factors
- None from this cluster alone — dollar amounts are noise relative to market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CHD-1786550472584 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 27, 2026 5w ago | Insider Cluster | $102.37 $95.33 | ▼ −6.88% | ▼ −6.37% | $94.31 (−7.87%) |
Aug 27, 2026 5w ago | Insider Cluster | $102.37 $95.33 | ▼ −6.88% | ▼ −6.37% | $94.31 (−7.87%) |
Aug 27, 2026 5w ago | Insider Cluster | $102.37 $95.33 | ▼ −6.88% | ▼ −6.37% | $94.31 (−7.87%) |
Aug 27, 2026 5w ago | Insider Cluster | $102.37 $95.33 | ▼ −6.88% | ▼ −6.78% | $94.31 (−7.87%) |
Aug 26, 2026 5w ago | Insider Cluster | $102.86 $95.49 | ▼ −7.17% | ▼ −8.37% | $94.31 (−8.31%) |
Aug 12, 2026 7w ago | Insider Cluster | $101.24 $93.94 | ▼ −7.21% | ▼ −5.31% | $94.31 (−6.85%) |
Jul 31, 2026 9w ago | 8-K | $98.81 $101.26 | ▲ +2.48% | ▼ −0.51% | $94.31 (−4.55%) |
Jun 17, 2026 15w ago | Insider Cluster | $97.41 $99.12 | ▲ +1.76% | ▲ +0.44% | $94.31 (−3.18%) |
Jun 12, 2026 16w ago | Insider Cluster | $97.56 $96.36 | ▼ −1.23% | ▼ −3.01% | $94.31 (−3.33%) |
Jun 12, 2026 16w ago | Insider Cluster | $97.56 $96.36 | ▼ −1.23% | ▼ −3.01% | $94.31 (−3.33%) |
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