CF CF Industries

• None no insider bought on the open market
• $69.8M sold by 8 insiders outside a trading plan
• $2.4M sold by 1 insider under 10b5-1 plans

1. Insider
   Trade
   Value
   Traded, filed
2. Erik M. Mayer VP, Clean Energy & BusDevelop
   Sale
   $187K 1,500 shares at $124.69 19% of stake
   Traded Mar 17 Filed Mar 19
   ↗
3. Richard A Hoker VP and Corporate Controller
   Sale
   $439K 3,499 shares at $125.38 10% of stake
   Traded Mar 17 Filed Mar 19
   ↗
4. Bert A Frost EVP, Chief Commercial Officer
   Sale
   $756K 6,000 shares at $126.00 7.9% of stake
   Traded Mar 17 Filed Mar 19
   ↗
5. Susan L Menzel EVP and Chief Admin. Officer
   Sale
   $2.5M 18,041 shares at $136.06 24% of stake
   Traded Mar 12 Filed Mar 13
   ↗
6. Bert A Frost EVP, Chief Commercial Officer
   Sale
   $854K 6,250 shares at $136.69 7.6% of stake
   Traded Mar 12 Filed Mar 13
   ↗
7. W Anthony Will CEO
   Sale
   $10.3M 81,651 shares at $126.56 60% of stake
   Traded Mar 11–13 Filed Mar 13
   ↗
8. W Anthony Will CEO
   Sale
   $6.3M 57,364 shares at $109.35 30% of stake
   Traded Mar 5 Filed Mar 9
   ↗
9. Michael Patrick McGrane SVP, Gen. Counsel & Secretary
   Sale
   $427K 3,666 shares at $116.50 16% of stake
   Traded Mar 6 Filed Mar 9
   ↗
10. Susan L Menzel EVP and Chief Admin. Officer
    Sale
    $799K 7,200 shares at $111.00 8.9% of stake
    Traded Mar 5 Filed Mar 9
    ↗
11. Erik M. Mayer VP, Clean Energy & BusDevelop
    Sale
    $256K 2,200 shares at $116.25 22% of stake
    Traded Mar 6 Filed Mar 9
    ↗
12. Ashraf K Malik Sr. VP, Manufacturing & D'istn
    Sale
    $271K 2,439 shares at $111.00 36% of stake
    Traded Mar 5 Filed Mar 9
    ↗
13. Richard A Hoker VP and Corporate Controller
    Sale
    $676K 6,184 shares at $109.33 15% of stake
    Traded Mar 5 Filed Mar 9
    ↗
14. Bert A Frost EVP, Chief Commercial Officer
    Planned sale
    $1.8M 15,534 shares at $118.01 16% of stake
    Traded Mar 6–9 Filed Mar 9
    ↗
15. Linda M Dempsey VP, Public Affairs
    Sale
    $213K 2,000 shares at $106.50 10% of stake
    Traded Mar 4–5 Filed Mar 6
    ↗
16. W Anthony Will CEO
    Sale
    $7M 64,273 shares at $109.06 25% of stake
    Traded Mar 3 Filed Mar 5
    ↗

Also filed in the last 12 months, not counted as buying or selling: 28 stock grants, 27 share withholdings for taxes, 10 gifts, and 1 sale back to the company.