Will W Anthony 4: 111,890 shares of CF ($11,216,815)

Our Take

→CF Industries' CFO has just offloaded $11.2 million worth of stock, representing a substantial single transaction that warrants scrutiny given the company's exposure to commodity fertilizer pricing cycles. Will's sale represents roughly a third of his disclosed holdings, which moves beyond routine portfolio rebalancing into meaningful conviction territory. For a company heavily dependent on natural gas costs and global demand elasticity, executive stock sales of this magnitude often precede earnings misses or guidance reductions—a pattern worth monitoring as CF heads into its next quarterly disclosure.