Henrik Slipsager, President and Chief Executive Officer of ABM Industries, Inc. (NYSE:ABM) completed a disposition yesterday, where he unloaded 22,185 shares of Common Stock. The transaction was executed directly, through stock options, and pursuant to a Rule 10b5-1 trading plan. The insider first sold 5,000 shares, paying a weighted average price of $25.81 per share, and then dispatched another 17,185 shares for a weighted average price of $25.96 per share.
The transaction is one of many completed by the CEO this fiscal year. In June, the insider sold 19,949 shares of Common Stock, paying a price of $26.90 per share, merely a month after having disposed of 17,093 shares in May, for $27.39 each share.
On another note, this quarter showed stability amongst hedge fund shareholders, with Chuck Royce’s Royce & Associates still holding the strongest position. The hedge fund owns a total of over 1.1 million shares of the $1.47 billion market cap industrial firm, accounting for a value of $33.6 million and 0.09% of the portfolio.