Wd 40 Co (WDFC US, +1, 18-Apr-24)

Steven Brass (CEO since 2022, COO from 2019-2022, joined 1991) purchased $100,000 of stock on the 16th April at $232.22, increasing his stake by 2%. Despite a long tenure he has only bought stock on 3 occasions, each the same value as this most recent purchase, buying at $158.16, $170.57 and $179.08 between October 2022 and April 2023. These purchases proved to be well timed and it’s notable to see him now paying a price 30% higher than his last purchase. 

David Pendarvis (Non Executive since 2017) purchased $77,000 of stock on the 12th April, increasing his stake by 7%. Despite a reasonable tenure this is his first purchase. He’s also never bought stock at ResMed Inc where he is Chief Administration Officer. The company reported Q2 earnings on the 9th April. 

We are ranking the stock +1.

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