Insteel Industries COO Sells $63,247 in Stock

The company's chief operating officer reduced his position by 4.03%.

Published on Mar. 3, 2026

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

Why it matters

Insider transactions, such as stock sales by company executives, can provide insights into management's views on the company's prospects and valuation. This sale by the COO represents a 4.03% decrease in his position, which may signal some caution about the company's near-term outlook.

The details

The stock 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 and employs automated processes to ensure product quality and efficient throughput.

  • The stock sale occurred on Thursday, February 26th, 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 transaction provides a signal about the COO's perspective on the company's valuation and near-term prospects, though more information would be needed to fully assess the implications for Insteel Industries' outlook.