Transaction details and scale
On February 18, 2026, Espey MFG & Electronics Corp (NYSE:ESP) director Paul J. Corr sold 2,345 shares of the company’s common stock in a series of transactions. The shares changed hands at prices ranging from $57.08 to $59.49, producing aggregate proceeds of $138,962.
Post-sale holdings
Following these transactions, Corr’s direct holdings in the company stand at 20,439 shares of common stock. In addition to those shares, he holds 13,500 stock options.
Dividend announcement
Separately, Espey MFG & Electronics Corp declared a quarterly dividend of $0.25 per share. The dividend is scheduled to be paid on December 26, 2025, to shareholders who were recorded on the company’s books as of December 19, 2025.
Board and governance change
The company also reported a change in its board leadership. Nancy Patzwahl has been named chair of the Audit Committee. She succeeds Paul Corr in that role; Corr will remain a member of the board and continue to serve on the Audit Committee.
Context and implications
The disclosed sale, the dividend schedule and the audit committee leadership update were all included in the company’s recent communications. The available information specifies the volume of the sale, the exact trade date and the price range for those transactions, along with Corr’s continuing equity and option positions. The dividend amount, payment date and record date were presented as factual items in the company’s announcement. The governance note identifies the new Audit Committee chair and confirms Corr’s ongoing roles on the board and within the committee.
What is not stated
The company’s disclosures provide transaction details, ownership levels and governance changes, but they do not specify any motives or additional commentary from the director or the board regarding the sale or the leadership transition. No further operational or financial details beyond the dividend and the governance update were included in the announcement.
Takeaway
Investors and observers have the reported sale figures, current ownership numbers for the director, the declared dividend schedule and the audit committee leadership change as concrete data points. The announcement documents these items without offering explanatory statements about intent or broader strategic consequences.