Will W Anthony, who formerly led CF Industries Holdings, Inc. as president and chief executive officer, sold 255,962 shares of the company’s common stock in a sequence of trades executed on February 27 and March 2, 2026. The aggregate proceeds from these dispositions are approximately $24.3 million, with the transactions executed across a range of weighted average prices from $99.0635 up to $107.0377.
The breakdown of the transactions is as follows. On February 27, Anthony sold 100,000 shares at a weighted average price of $99.0635; the individual sale prices for that tranche ranged from $99.0000 to $99.3100. On the same date he also sold 1,148 shares at a weighted average price of $100.0022, at prices between $100.0000 and $100.0100. On March 2, Anthony executed a series of sales that included 44,344 shares at a weighted average price of $103.6053 (pricing between $103.3700 and $104.0300), 45,870 shares at a weighted average price of $105.5189 (prices ranging $105.0000 to $105.9900), 44,104 shares at a weighted average price of $106.5862 (prices ranging $106.0000 to $106.9700), and a final block of 1,950 shares at a weighted average price of $107.0377 (priced between $107.0000 and $107.1600).
Alongside these sales, Anthony received 40,647 shares of common stock on February 27 that carried a reported value of $0, issued under a performance restricted stock unit (PRSU) award originally granted in 2023. To meet tax withholding obligations tied to the vesting of PRSUs, he surrendered 18,007 shares that were valued at $1,792,416, based on a per-share price of $99.54.
After recording the sales, the PRSU vesting and the share surrender for taxes, Anthony is reported to directly own 258,283 shares of CF Industries Holdings, Inc.
These insider actions come as CF Industries disclosed fourth-quarter financial results that showed adjusted EBITDA of $821 million, outpacing BofA Securities’ analyst estimate of $754 million. The company attributed part of the upside to lower natural gas prices, which contributed approximately $50 million to the beat versus expectations.
Market sentiment around CF has also shifted. Rothschild Redburn lowered its recommendation on the shares from Neutral to Sell, citing the prospect of fertilizer prices normalizing and the potential impact on profitability, and set a price target of $72.
On the corporate actions front, CF Industries declared a quarterly cash dividend of $0.50 per share, payable on February 27, 2026, to shareholders of record as of February 13, 2026.
CF Industries and POET have initiated a pilot project aimed at developing a low-carbon fertilizer supply chain, an initiative the companies say could reduce carbon intensity in corn production. Separately, CF disclosed that JERA Co., Inc.’s ownership option related to the Blue Point Number One, LLC joint venture has expired and is no longer exercisable; the joint venture is focused on low-carbon ammonia production and CF holds a 40% stake.
Taken together, the insider share sales, PRSU activity, financial results and strategic moves into low-carbon projects paint a detailed operational and capital allocation picture for CF Industries as it enters 2026.