Sanmina EVP’s 1,500‑Share Sale: A Routine Trim Amid Bullish Rally?

Insider Selling in a Bull Market: What Sanmina’s Latest Move Signals Sanmina Corp’s shares were trading at $155.26 on February 26, 2026, just a day after a modest 0.02 % decline. Despite the market’s overall 5 % weekly gain, the company’s 89.60 % YTD rally has kept investor sentiment largely bullish. In this environment, the sale of 1,500 shares by EVP of Global Human Resources Reid Alan McWilliams—at a price only slightly below the current close—does not appear to trigger a panic. Rather, it underscores a pattern of routine portfolio rebalancing rather than a signal of impending distress.

Patterns in McWilliams’ Insider Activity McWilliams has been active in recent months, executing multiple sales and a few purchases between December 2025 and February 2026. The December 15 batch of transactions is particularly noteworthy: a 7,000‑share purchase followed by three large sell‑offs totalling 11,759 shares. These moves suggest a strategy of trimming positions when the stock is near or above its recent peak, then re‑entering when valuations dip. The February 13 sale of 3,500 shares, at a price of $148.45, preceded the current 1,500‑share sell. The consistent use of the “sell” transaction type—often close to the market price—indicates that McWilliams is likely managing liquidity needs or reallocating capital within the executive’s portfolio rather than reacting to company fundamentals.

Implications for Investors For the average shareholder, the current transaction is a modest 0.02 % of the 32,481 shares McWilliams holds post‑transaction, amounting to roughly 0.0045 % of the outstanding shares. In the context of a market cap of $8.07 billion and an EPS‑based P/E of 35.24, this sale carries limited weight on the stock’s valuation. Moreover, the broader insider activity—especially the sizable sale by CFO Jonathan Faust earlier in February—has not dampened the 10 % uptick in Sanmina’s share price following its latest earnings release. This resilience suggests that investors view the company’s earnings quality and its position in the contract‑manufacturing niche as strong drivers of long‑term value.

What Might the Trend Mean for Sanmina’s Future? The pattern of selective selling by senior executives may be interpreted in several ways. It could reflect a healthy practice of diversification, with executives seeking to lock in gains while maintaining exposure to the company’s growth story. Alternatively, it might hint at a short‑term shift in executive confidence if the sales were driven by external opportunities or changing risk appetites. However, the lack of a sustained sell‑off, combined with the firm’s robust earnings growth and continued investment in high‑complexity interconnects, points to an overall positive trajectory. Investors should monitor whether this selling pattern persists beyond the current earnings cycle, as a sustained decline in insider holdings could signal a reevaluation of Sanmina’s growth prospects.

A Quick Profile of Reid Alan McWilliams Reid Alan McWilliams serves as EVP of Global Human Resources at Sanmina, overseeing talent strategy across a global contract‑manufacturing enterprise. His transaction history reveals a disciplined approach: periodic purchases during dips followed by larger sales near valuation highs. McWilliams has consistently executed sales that align with market peaks, suggesting a preference for realizing gains while retaining a meaningful stake in the company. His activity mirrors that of other senior executives, such as CFO Jonathan Faust, indicating a corporate culture that encourages prudent portfolio management among top leadership.