The cluster of open-market sales by a Group VP and a Director, both after the company's record earnings and relaxed debt covenants, suggests insiders may view the stock as fairly valued or see limited near-term upside. Monitor for additional insider sales or any guidance revision in the next 10-Q.
Price Chart
Executive Summary
Two Oil-Dri insiders sold a total of $649K in open-market sales within a week of the company reporting record full-year results and announcing an expanded credit facility. The CEO's non-cash derivative conversions and gift are neutral, but the Group VP's $562K sale and a Director's $87K sale represent modest insider selling following a strong earnings report and relaxed debt covenants.
Key Financial Metrics
Key Facts
- Group Vice President Christopher Lamson sold 7,000 shares at $80.27 for $561,890 on 2026-10-15.
- Director Amy Ryan sold 1,100 shares at $78.80 for $86,680 on 2026-10-16.
- CEO Daniel Jaffee converted 20,000 shares of derivatives (non-cash) and gifted 10,000 shares (non-cash) — no economic signal.
- Total open-market selling of $648,570 represents ~0.2% of Oil-Dri's ~$326M market cap.
- Cluster follows Oil-Dri's 8-K on 2026-10-08 reporting record net sales of $493.8M and net income of $57.0M, and a credit amendment increasing revolver to $100M and relaxing covenants.
Financial Impact
Insider selling of $649K (0.2% of market cap) is modest but notable given the timing just after record earnings and a credit expansion.
Risk Factors
- Insider selling may signal management's view that the stock is fully valued after record results.
- Relaxed debt covenants (Debt to Earnings ratio increased to 3.50x) could lead to higher leverage if the company draws on the expanded revolver.
- CEO's non-cash derivative conversions and gift do not provide a clear directional signal.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ODC-1792532040460 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | DEF 14A / DEFA14A | $76.41 | awaiting T+5 | — | $75.67 (−0.97%) |
Oct 16, 2026 11d ago | Insider Cluster | $70.49 $75.67 | ▲ +7.35% | ▲ +7.49% | $75.67 (+7.35%) |
Oct 16, 2026 11d ago | Insider Cluster | $70.49 $75.67 | ▼ −7.35% | ▼ −7.49% | $75.67 (−7.35%) |
Oct 8, 2026 19d ago | 8-K | $85.98 $75.33 | ▼ −12.39% | ▼ −10.42% | $75.67 (−11.99%) |
Oct 7, 2026 20d ago | 8-K | $84.37 $81.00 | ▼ −3.99% | ▼ −3.72% | $75.67 (−10.31%) |
Sep 1, 2026 8w ago | Press Release | $90.65 $86.20 | ▼ −4.91% | ▼ −3.95% | $75.67 (−16.53%) |
Jun 8, 2026 20w ago | 8-K | $98.59 $93.91 | ▼ −4.75% | ▼ −7.16% | $75.67 (−23.25%) |
Apr 3, 2026 29w ago | 8-K | $67.71 $72.25 | ▲ +6.71% | ▲ +2.58% | $75.67 (+11.76%) |
Mar 12, 2026 32w ago | Press Release | $63.39 $59.85 | ▼ −5.58% | ▼ −3.46% | $75.67 (+19.38%) |
Mar 11, 2026 32w ago | 8-K | $65.25 $60.46 | ▼ −7.34% | ▼ −6.37% | $75.67 (+15.96%) |
US Market Status
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