Littelfuse, Inc. (NASDAQ:LFUS), saw it’s Chairman, President & CEO, Gordon Hunter, lower his stake in the company. Through two transactions, both beginning July 7th and filed July 9th, Hunter disposed of a total of 17,256 shares of common stock. The first move was a sale of 10,000 shares, at an average price of $96.085 per share; while the second transaction saw Hunter decrease his exposure by 7,256 more shares, this time at an average price of $95.26 per share. Following these transactions, Hunter now holds 41,132 shares directly in the corporation.
This is not the first time this year that Hunter has altered his position in the company. Since April of this year he has sold over 15,000 shares in Littelfuse, Inc. (NASDAQ:LFUS), the $2.13 billion market cap supplier of circuit protection products for the electronics, automotive and electrical industries that offers a line of reliable electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems, as well as protection relays and power distribution centers for the safe control and distribution of electricity.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.