The sale by CEO Catherine Corrigan reduces her stake in Exponent as shares traded near recent levels.
Exponent CEO Catherine Corrigan sold 1,737 shares of the company at $62.78 per share on July 15, according to an SEC filing. The transaction totaled approximately $109,000 based on the weighted average sale price.
Exponent’s stock closed at $62.06 on July 15, slightly below the sale price. The company, which provides scientific and engineering consulting services, employs around 1,013 people and serves corporate, legal, and government clients.
The filing did not disclose the reason for the sale, and no immediate market reaction was reported.