Tower Semiconductor CEO Russell Craig Ellwanger sold approximately $45.6 million in company stock. The sales took place across two transactions on August 10 and August 11. An August 13, 2026, filing disclosed the activity.
On August 10, Ellwanger sold 77,309 shares. The shares were sold at an average price of $254.52. This transaction totaled approximately $19.7 million.
On August 11, he sold an additional 104,226 shares. The average price for this second sale was $248.34. This transaction generated roughly $25.9 million.
These sales reduced Ellwanger's total ownership in Tower Semiconductor by approximately 27%.