Key transaction details
Will W Anthony, who previously served as president and chief executive officer of CF Industries Holdings, Inc. (NYSE:CF), reported selling a total of 81,651 shares of the company's common stock across two days in March 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The filing breaks the dispositions into multiple transactions. On March 11, 2026, Anthony sold 28,625 shares at a weighted average price of $118.6395, with individual sale prices in that tranche ranging from $118.5000 to $118.9350, producing proceeds of $3,395,512.
Two separate sale groupings were reported on March 13, 2026. In the first grouping that day he sold 32,658 shares at a weighted average price of $130.6207, with per-share prices between $130.0200 and $130.9900, for proceeds of $4,265,159. In an additional March 13 transaction he sold 20,368 shares at a weighted average price of $131.1743, with prices ranging from $131.0000 to $131.4400, generating $2,671,953.
Following these reported sales, Anthony is listed as directly owning 54,995 shares of CF Industries Holdings, Inc.
Context from company results and analyst moves
CF Industries published fourth-quarter results that showed adjusted EBITDA of $821 million, a figure that exceeded BofA Securities' estimate of $754 million. The company reported that lower natural gas prices contributed roughly $50 million to that earnings advantage.
Despite the beat, Rothschild Redburn moved to downgrade CF Industries from Neutral to Sell and set a price target of $72, citing concerns about the potential impact of fertilizer prices normalizing on profitability. Separately, BofA Securities raised its price target to $86 but retained an Underperform rating on the stock.
CF Industries also announced a quarterly cash dividend of $0.50 per share, payable in February 2026, and indicated that it will release its fourth-quarter and full-year 2025 financial results in February 2026.
Partnership update
The company disclosed a pilot project launched in collaboration with POET to develop a lower-carbon fertilizer supply chain. The stated aim of the initiative is to reduce the carbon intensity of corn production and to support the manufacture of lower-carbon ethanol.
What the filings and announcements show
The Form 4 filings provide a precise account of the timing, volume, and price ranges for the insider sales. The recent operational and market announcements - adjusted EBITDA beating estimates aided by lower natural gas costs, a declared dividend, an upcoming earnings release, and a sustainability-focused pilot with POET - are all included in company disclosures close to the reported sales. Analyst actions that adjust ratings and targets are also part of the public record noted in the filings and company commentary.