Robert G. Pearse, a director at Star Equity Holdings, Inc. (NASDAQ:STRR), purchased 500 shares of the company's common stock on June 5, 2026. The transaction, valued at $5,730, saw shares acquired at prices ranging from $11.32 to $11.50 per share.
The shares were acquired at a weighted average price of $11.46, slightly above the current stock price of $11.06. The purchase comes after the stock declined 7.7% over the past week, though InvestingPro analysis suggests the company may be undervalued based on its Fair Value estimate. According to InvestingPro data, which offers 11 additional exclusive tips for STRR, management has been aggressively buying back shares.
Following this purchase, Mr. Pearse directly holds 29,218 shares of Star Equity Holdings common stock. This total includes 12,516 Restricted Stock Units and 1,497 deferred shares, which represent the right to receive one share of common stock upon the first anniversary of their respective grant dates, according to a footnote in the filing.
In other recent news, Star Equity Holdings, Inc. has entered into an At Market Issuance Sales Agreement with Ladenburg Thalmann & Co. Inc. This agreement allows Star Equity Holdings to offer and sell shares of its 10% Series A Cumulative Perpetual Preferred Stock for up to $8.7 million. The company is not required to sell any shares, but the sales agent will strive to sell them based on instructions from Star Equity Holdings, considering factors like price and timing.
Additionally, Star Equity Holdings has announced updates to its executive compensation plans for 2025 and 2026. These updates include a restricted stock unit bonus valued at $268,380 for CEO Jeffrey E. Eberwein and a cash bonus of $90,000 for COO Richard K. Coleman, Jr., along with an RSU bonus of $45,000. Chief Accounting Officer Matthew K. Diamond will receive a cash bonus of $45,743 and an RSU bonus of $53,021. Jacob Zabkowicz, Global CEO of Hudson Talent Solutions LLC, will receive a cash bonus of $150,000, with no RSU bonus. These developments were detailed in a recent SEC filing.