Dover CEO Richard Tobin Plans To Sell 86,440 Shares Worth $19.0 Million
Dover's chairman and CEO filed a notice of a proposed stock sale, with Merrill Lynch as broker and an approximate sale date of November 2.
Richard J Tobin, chairman, president and CEO of Dover, plans to sell 86,440 shares of the company's common stock, a proposed sale with an aggregate market value of $19.0 million. He disclosed the plan in a Form 144, the notice insiders file before selling, on Monday.
Shares from 2019 and 2020 awards
The notice names Merrill Lynch as the broker and gives an approximate sale date of 11/02/2026. A Form 144 covers sales within roughly 90 days of filing.
Tobin received the shares as compensation awards from Dover, in two tranches on 02/15/2019 and 02/14/2020, the filing says.
A stock up 6.4% this year
Dover, a diversified manufacturer of industrial equipment, consumable supplies, aftermarket parts and software and support services, closed Monday at $215.91. As of Friday's close of $207.74, the shares were up 6.4% this year and 15.3% over 12 months, within a 52-week range of $176.40 to $237.54.
The 2025 year-end close of $195.24 is the baseline for this year's gain.
Five segments, 40% recurring
Dover runs five segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. According to its 10-K for the year ended December 31, 2025, parts, consumables, services and software that customers buy repeatedly make up about 40% of revenue. The company is based in Downers Grove, Illinois.
Whether the sale goes through on the approximate November 2 date in the notice will show up in Tobin's later insider filings.
Sources
- Form 144 — Richard J Tobin (DOV) — SEC EDGAR
