Vineet A. Nargolwala, President and Chief Executive Officer of Brady Corp (NYSE:BRC), executed a direct purchase of 13,011 shares of the company’s Class A Common Stock on June 10, 2026. This direct purchase totaled $1,000,025. The shares were bought at a weighted average price of $76.86 per share, with individual transaction prices ranging from $76.76 to $76.91. The purchase came after the stock declined 12.6% over the previous week, though InvestingPro analysis suggests the company remains undervalued at current levels.
On the same date, Mr. Nargolwala was also granted 25,684 shares of Class A Common Stock. These shares represent restricted stock units, which are scheduled to vest in two equal increments of 50% on the first and second anniversaries of the grant date. Upon vesting, each restricted stock unit will convert into one share of Class A Common Stock.
Following these transactions, Mr. Nargolwala directly holds a total of 78,393 shares of BRADY CORP Class A Common Stock. According to InvestingPro Tips, Brady has raised its dividend for 30 consecutive years, demonstrating long-term financial stability. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for Brady and 1,400+ US equities.
In other recent news, Brady Corporation reported impressive financial results for Q3 2026. The company achieved earnings per share of $1.50, surpassing the projected $1.35. Additionally, Brady’s revenue reached $435.24 million, exceeding the anticipated $405.86 million. In corporate leadership updates, Vineet Nargolwala has been named the new Chief Executive Officer of Brady Corporation. He succeeds Russell Shaller, who is retiring after an 11-year tenure. Nargolwala, who is already a member of Brady’s Board of Directors, will continue to serve on the board while taking on his new role. Shaller will remain with the company in a consultative capacity until August 1, 2026, to ensure a smooth transition. These developments highlight the company’s ongoing strategic and financial momentum.