McGraw Hill Inc (MH) experienced a modest after-hours uptick in its stock price, rising 2.4% on Tuesday in the wake of a material insider purchase by the company’s president and chief executive officer.
According to a Form 4 filed with the Securities and Exchange Commission, Philip D. Moyer - who serves as both CEO and a director at McGraw Hill - bought 22,421 shares of the company’s common stock on June 15, 2026. The filing reports a weighted average purchase price of $11.12 per share, with the individual transactions executed in a range from $11.12 to $11.1499.
After the transaction, Moyer's direct ownership in McGraw Hill increased to 516,768 shares. The filing notes that the purchases occurred across multiple transactions within the stated price range. Moyer has committed to make available the exact number of shares acquired at each price point to the company, its security holders, or the SEC if requested.
Market participants frequently interpret insider purchases as a sign that company leadership has conviction in the business's prospects. The filing and the subsequent market response reflect that dynamic, with the stock showing a positive move in after-hours trading following the disclosure.
Context and mechanics of the transaction
The purchase was documented on a Form 4 submitted to the SEC, specifying the aggregate number of shares acquired and the weighted average price. The per-trade prices fell within a narrow band, indicating the shares were added in several tranches rather than a single block. The CEO's declaration to provide a breakdown of per-price share counts upon request introduces greater transparency for those who seek the detailed allocation of the 22,421-share block.
Market reaction
Following the filing, MH shares moved higher in after-hours trading, with the 2.4% increase representing the immediate market response to the disclosed insider buying. The filing and trading response are the only items confirmed within the disclosure; no additional operational or strategic details were included in the Form 4.
Bottom line
The transaction increases the CEO's direct stake to 516,768 shares and was carried out in multiple purchases priced between $11.12 and $11.1499. The weighted average price for the block was $11.12. The filing indicates Moyer will provide a detailed per-price share breakdown if requested by the company, security holders, or the SEC.