Insteel Industries COO Sells $63K in Shares

Richard Wagner reduces stake by 4.03% through stock sale

Published on Feb. 27, 2026

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Insteel Industries, Inc. (NASDAQ:IIIN) Chief Operating Officer Richard Wagner sold 1,679 shares of the company's stock on Thursday, February 26th. The shares were sold at an average price of $37.67, resulting in a total transaction value of $63,247.93. Following the sale, Wagner now directly owns 40,000 shares of the company's stock, valued at approximately $1,506,800.

Why it matters

This transaction represents a 4.03% decrease in Wagner's ownership stake in Insteel Industries. Insider transactions, especially by C-suite executives, can provide insights into a company's performance and future outlook as viewed by company leadership.

The details

The sale was disclosed in a legal filing with the Securities & Exchange Commission. Insteel Industries is a leading U.S. manufacturer of fabricated steel wire reinforcing products used in concrete construction. The company operates multiple manufacturing facilities across the United States.

  • The share sale occurred on Thursday, February 26, 2026.

The players

Richard Wagner

The Chief Operating Officer of Insteel Industries, Inc.

Insteel Industries, Inc.

A leading U.S. manufacturer of fabricated steel wire reinforcing products used in concrete construction.

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The takeaway

This insider sale by Insteel Industries' COO provides a data point on executive sentiment, though the reasons behind the transaction are not explicitly stated. Investors may want to further analyze the company's recent performance and outlook to determine if this sale signals any broader concerns.