Stock of the Week
Richard Lenny (Chairman since 2018, joined 2009) purchased $337,000 of stock on the 8th January at $33.70, increasing his holding by 10%. The trade is encouraging as, despite over a decade on the board, this is his first ever open market purchase of stock. He also currently sits on the boards of McDonald’s and Illinois Tool Works where he has only been a rare buyer. This is his largest ever purchase across any of his Non-Executive positions. We are ranking the stock +N.
Ronald Olson (Non-Executive Director since 1997) purchased $889,000 of Class B shares on the 18th of December at $222.33. His trading record in the stock is reasonable and this is notable as, whilst it’s fairly typical in size for him, it’s his first purchase since December 2012 when he bought stock at $90. He owns 25,332 class B shares and 145 class A shares, bringing his ownership stake in excess of $50 million. We are ranking the stock +N.