Amphenol Leadership Executes Major Stock Sales Following Stellar Performance

Amphenol CEO and CFO sell millions in stock near all-time highs following a year of 49% revenue growth, while a director makes a $1.28M purchase.

Following a fiscal year marked by exceptional financial achievements, several key executives at Amphenol have engaged in significant sales of company stock. These transactions, occurring as the share price trades near historic highs, present a nuanced picture for investors assessing the connector manufacturer's future trajectory.

Operational Excellence Sets the Stage

The backdrop for these insider moves is a remarkably strong operational report for fiscal 2025. Amphenol closed the year with record-breaking figures, including a fourth-quarter revenue surge of 49.1% year-over-year to $6.44 billion. Adjusted earnings per share for the quarter reached $0.97, exceeding market expectations. This robust performance allowed the Board of Directors to approve a quarterly dividend of $0.25 per share in early February.

Further signaling strategic stability, the company announced that CEO Richard Adam Norwitt will assume the additional role of Chairman of the Board in May 2026, underscoring a commitment to leadership continuity.

A Wave of Executive Transactions

Against this backdrop of corporate strength, a series of substantial stock disposals by top management has captured market attention. The most notable sale was executed by CEO Richard Adam Norwitt, who divested shares worth approximately $75.9 million in mid-February. Market observers note this transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, typically indicating a long-term, scheduled diversification strategy rather than a reaction to recent events.

Shortly thereafter, on February 19, further sales were reported. Chief Financial Officer Craig Lampo and General Counsel Lance D’Amico together sold holdings with a total value of around $22.5 million.

Providing a counterpoint to these disposals, Director Robert Livingston invested personal funds to acquire shares worth about $1.28 million in early February.

Share Price Context and Market Outlook

These mixed signals from the C-suite arrive at a time when Amphenol's stock has delivered substantial returns to shareholders. Over the preceding twelve months, the equity has appreciated by nearly 94%. Closing at €128.14 last Friday, the share price sits merely 7% below its all-time peak, recorded in late January.

The central question for investors now revolves around whether the underlying operational momentum—characterized by double-digit revenue growth—can sustain the equity's upward trajectory. Market participants will monitor whether the stock can consistently reclaim the €130 threshold or if the volume of insider selling introduces near-term downward pressure on its valuation.