Espey MFG & Electronics Corp. reported a pair of insider transactions involving director Wool Michael W. that were completed in February 2026 and filed with regulators.
According to the disclosure, Wool sold 1,000 shares of Espey common stock on February 19, 2026, at $57.90 per share, producing proceeds of $57,900. The filing notes that after this sale Wool directly holds 17,400 shares of the company.
Four days later, on February 23, 2026, Wool exercised stock options to acquire 1,842 shares of Espey common stock at an exercise price of $27.21 per share, for a total cost of $50,120. Both the sale and the option exercise are reflected in the company filings disclosed to shareholders and regulators.
In separate corporate actions, Espey declared a regular quarterly dividend of $0.25 per share. The dividend is scheduled to be paid on December 26, 2025, to shareholders of record as of December 19, 2025.
The company also announced a change in its board committee leadership. Nancy Patzwahl has been appointed chair of the Audit Committee, succeeding Paul Corr. The filing adds that Paul Corr will remain a member of the board and will continue to serve on the Audit Committee.
These filings provide contemporaneous visibility into both insider activity and governance adjustments at Espey. The transaction dates, share counts, exercise price and totals are recorded in the filings, as are the dividend payment and record dates and the internal Audit Committee leadership change.
Key details:
- Insider sale: 1,000 shares sold on February 19, 2026, at $57.90 per share; proceeds $57,900.
- Option exercise: 1,842 shares acquired on February 23, 2026, at $27.21 per share; total $50,120.
- Post-sale direct ownership: Wool holds 17,400 shares.
- Dividend: $0.25 per share payable December 26, 2025, to holders of record December 19, 2025.
- Governance: Nancy Patzwahl named Audit Committee Chair; Paul Corr remains on the board and on the Audit Committee.
The disclosures cover capital allocation touches that matter to shareholders - share-level insider activity, dividend timing and committee leadership. The filings themselves provide the numeric and timing specifics without additional commentary from company executives in the documents disclosed.