Acuity CEO Neil Ashe Sells $9.7 Million of Stock Under Trading Plan
Acuity Chief Executive Neil Ashe sold $9.7 million of the lighting and building-technology company's stock over two days this week, according to a Form 4 filed with the SEC on Friday.
Ashe, who is also President and a director, sold 30,247 shares on Oct. 28 and Oct. 29 in a series of trades, the filing shows. Weighted average prices for the individual blocks ranged from $314.53 to $327.30, and the sales totaled $9,656,440. That works out to an average of $319.25 a share.
After the sales, Ashe directly owns 78,075 Acuity shares. The sales reduced his direct holdings by 27.9%.
Made under a trading plan
The trades happened automatically under a Rule 10b5-1 trading plan Ashe adopted on July 1, 2026, according to the filing. Such plans let insiders schedule sales in advance, so the timing of each trade is generally set months ahead.
Rising prices across the two days
The prices climbed as the sales went on. On Oct. 28, Ashe sold 22,060 shares at weighted averages from $314.53 to $320.00. On Oct. 29, he sold 8,187 shares at weighted averages from $316.28 to $327.30.
What it means for investors
Planned sales by chief executives are common and are often driven by diversification, taxes or personal needs, so one sale is a limited signal by itself. Still, the size stands out: the shares sold were worth more than a quarter of what Ashe held directly before the trades.
By the numbers
- Shares sold: 30,247
- Average price: $319.25
- Value: $9.66 million
- Trade dates: Oct. 28 and 29, 2026
- Direct holdings after the sales: 78,075 shares
- Plan adopted: July 1, 2026
Sources
- Form 4 for Neil Ashe, Acuity, filed Oct. 30, 2026 (accession 0001193485-26-000006)
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.