JAEHNERT FRANK M

Frank M. Jaehnert's 588-transaction Form 4 file splits into one closed chapter and three open ones. The Brady Corp (BRC) chapter — 485 transactions, 626,806 shares sold against only 2,000 bought — was a long-running liquidation that produced the file's overwhelming sell-side volume and ended before 2024. The remaining chapters at ITRI, NDSN, and BGG share a single feature: zero recorded sells, with the historical share count built entirely through awards and prior-period accumulation. ITRI accumulated nothing, with 46 recent transactions and every one a Code A award (475 to 937 shares). NDSN produced 35 transactions of awards ranging from 730 to 822 shares. BGG's twenty-two-transaction file never sold a share and accumulated 65,000 via buys. The most recent twenty-four filings across ITRI and NDSN contain zero sells and no other transaction type — the absence of new BRC filings is the file's most informative current signal: the primary liquidation is closed. What remains are the vesting mechanics of three concurrent board relationships that never produced a sell and currently behave like subscription-based equity deposits. The right watchlist frame for this file is whether any sell-side activity ever reappears at BRC or in the secondary relationships, which would signal a new chapter opening — but the recent record offers no evidence of that.