InnSuites Hospitality Trust CEO Wirth reports $2.17 billion share disposition
James F. Wirth, CEO and Chairman of InnSuites Hospitality Trust (IHT), disclosed the sale of 43,111 shares on October 7, 2026, worth approximately $2.17 billion. Each share was sold at a price of $50,410.8, reflecting a decline of 16% over the past week and a 26% drop year-over-year to $1.11 per share. InvestingPro analysts deem the stock overvalued at present levels.
The transaction was deemed executed on October 9, 2026, and following this sale, Mr. Wirth now owns 7,940,275 shares of INNSUITES HOSPITALITY REIT. He also serves as a Director and holds a 10% stake in the company. Despite the recent stock weakness, IHT has maintained dividend payments for 13 consecutive years. Investors can find further insights through 14 ProTips and detailed financial data on the InvestingPro platform.
This past week, InnSuites Hospitality Trust held its 2026 Annual Meeting of Shareholders, where shareholders approved Steven S. Robson as a trustee, and the company's auditor was confirmed. The meeting had a high turnout, with 7,531,295 shares represented either in person or by proxy, forming a quorum.
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