Richard J. Tobin, Chairman, President and CEO of Dover Corporation, filed a Form 4 on November 3, 2026, disclosing the exercise of stock appreciation rights and the open-market sale of common shares on October 30 and November 2, 2026.

Key Highlights

  • SAR exercises on October 30, 2026: Tobin exercised 184,211 stock appreciation rights at an exercise price of $91.20 and 118,657 stock appreciation rights at an exercise price of $119.86, both acquiring shares of Dover common stock.
  • Disposition transactions on October 30, 2026: Following the exercises, Tobin disposed of 79,974 shares at $210.07 (transaction code D) and 46,178 shares at $210.07 (transaction code F), then 67,703 shares at $210.07 (transaction code D) and 22,573 shares at $210.07 (transaction code F).
  • Open-market sales on November 2, 2026: Tobin sold a total of 86,440 shares in four tranches at weighted average prices of $213.8651, $214.5967, $215.4244, and $216.073, covering price ranges disclosed in filing footnotes.
  • Resulting direct ownership: Following all reported transactions, Tobin directly held 212,855 shares of Dover common stock.
  • Indirect holdings: Tobin also holds 77,000 shares indirectly through a trust and 613 shares indirectly through a 401(k) plan.
  • Issuer and exchange: Dover Corp is listed on NYSE:DOV.

Tobin's SAR Exercises and Share Sales: Transaction Details

According to the filing, Richard J. Tobin, serving as Chairman, President and CEO of Dover Corporation (NYSE:DOV), reported a series of transactions on October 30, 2026. He exercised two sets of stock appreciation rights: 184,211 rights with a conversion price of $91.20, originally exercisable from February 15, 2022 and expiring February 15, 2029, and 118,657 rights with a conversion price of $119.86, exercisable from February 14, 2023 and expiring February 14, 2030. Both exercises carried a derivative security price of $0, the filing disclosed, and both resulted in acquisitions of Dover common stock.

Also on October 30, 2026, the filing reported disposal transactions at $210.07 per share. These included a disposition of 79,974 shares (code D) and a tax-withholding disposal of 46,178 shares (code F) related to the first SAR exercise, and separately a disposition of 67,703 shares (code D) and a tax-withholding disposal of 22,573 shares (code F) related to the second exercise. On November 2, 2026, the filing reported additional open-market sales totaling 86,440 shares across four transactions. The filing stated that the prices reported are weighted averages, with individual transactions occurring within ranges of $213.545 to $216.150. The filing noted that Tobin undertakes to provide full information on shares sold at each separate price upon request.

After all reported transactions, the filing states Tobin directly owned 212,855 shares of Dover common stock, with an additional 77,000 shares held indirectly through a trust and 613 shares held indirectly through a 401(k) plan.

What Was Disclosed

This Form 4 covers stock appreciation right exercises and share disposals by Dover's CEO on October 30, 2026, and open-market common stock sales on November 2, 2026, with resulting direct beneficial ownership of 212,855 shares reported.