Sherwin-Williams President Sells $2.9 Million Worth of Shares

The President of Global Industrial at Sherwin-Williams, Karl Jorgenrud, recently sold $2.9 million worth of company shares, a substantial disposal that reduced his holding size by 37%. This sale is notable as it's the largest insider sale of Sherwin-Williams shares over the last year.

The sale took place at around the current share price of $360, which makes it more neutral compared to selling at a lower price. However, this recent insider selling does raise some caution among investors.

It's worth noting that insiders own about 0.3% of Sherwin-Williams shares, which is considered high and increases the chances that management are thinking about the best interests of shareholders.