AMG AFFILIATED MANAGERS GROUP, INC.
Price Chart
Executive Summary
AMG CEO Jay Horgen executed a large derivative exercise and open-market sale of 17,500 shares worth $5.92M on June 8, 2026, alongside a tax-withholding surrender of 39,671 shares. Director Annette Franqui made a small open-market purchase of 750 shares ($229K) on June 1. The CEO's sale is the dominant signal by dollar value, but the derivative exercise and tax withholding suggest the sale is likely liquidity-driven rather than a bearish conviction trade.
Key Financial Metrics
Actionable Insight
The CEO's sale is small relative to market cap and paired with derivative exercise and tax withholding, indicating routine liquidity management rather than a bearish signal. The director's buy is negligible. No material insider conviction signal here — monitor next earnings for any fundamental changes.
Key Facts
- CEO Jay Horgen sold 17,500 shares open-market for $5.92M at $338.27 on June 8, 2026
- CEO also exercised 75,000 derivative shares at $0 (non-cash) and 75,000 at $74.49 ($5.59M exercise cost)
- CEO surrendered 39,671 shares for tax withholding ($13.35M), a non-cash disposition
- Director Annette Franqui bought 750 shares open-market for $229K at $304.88 on June 1, 2026
- Total open-market sales ($5.92M) represent ~0.07% of AMG's $8.9B market cap — trivial
- Historical calibration shows prior AMG reports had strong T+20 performance (100% win rate, +3.68% avg return)
Financial Impact
CEO open-market sale of $5.92M is 0.07% of market cap; director purchase of $229K is 0.003% of market cap
Risk Factors
- CEO sale could be misinterpreted as bearish by the market despite being liquidity-driven
- Derivative exercise adds 75,000 shares to the float (though partially offset by tax withholding surrender)
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AMG-1780961083943 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
1d ago
|
Insider Cluster
| $336.62 awaiting T+20 | awaiting T+20 | — | $336.62 (−0.00%) |
|
May 6, 2026
5w ago
|
Insider Cluster
| $306.01 $311.61 | ▲ +1.83% | ▼ −0.95% | $336.62 (+10.00%) |
|
May 1, 2026
5w ago
|
Press Release
| $291.06 $302.45 | ▲ +3.91% | ▼ −1.37% | $336.62 (+15.65%) |
US Market Status
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