Rep. Kevin Hern (R-Okla.) has filed a Periodic Transaction Report disclosing a sale of Marsh Common Stock (MRSH), executed through a jointly-held account with his spouse. The transaction, dated August 24, 2026, falls in the disclosed range of $1,001 to $15,000 and was made through the Hern Family Foundation, the brokerage vehicle listed on the filing.
Under the STOCK Act, members of Congress and their spouses are required to publicly disclose trades in individual stocks within 45 days of the transaction. This filing meets that requirement and is classified by our tracking system as a ‘congress sale’ — a straightforward divestment signal rather than a purchase or new position.
A Notable Timing Overlap
What makes this filing stand out is its proximity to another sale of the same stock. Company insider Steven A. Mills also sold shares of MRSH on August 15, 2026, in a transaction valued at $36,558, according to separate insider-trading disclosures. That sale occurred just nine days before Hern’s jointly-held account sale and falls within the same 30-day window our system flags for cross-signal review.
Neither filing indicates coordination between the two parties, and there is no evidence in the public record suggesting the transactions are related beyond their timing. Insiders and members of Congress file disclosures for entirely different regulatory reasons — Mills as a corporate insider subject to SEC reporting rules, and Hern as a lawmaker subject to STOCK Act requirements. Still, when both a sitting member of Congress and a company insider sell shares of the same relatively obscure ticker within weeks of each other, it is the kind of overlap that pattern-tracking tools like ours are built to surface.
MRSH is not among the most frequently traded tickers in congressional disclosure data, which makes the co-occurrence with insider selling activity more conspicuous than it might be for a heavily held, widely traded stock. Readers should note that the dollar amounts involved on the congressional side are modest — the disclosed range tops out at $15,000 — while the insider sale was more than double that reported figure.
This report is based solely on information contained in the public STOCK Act filing and separate insider-transaction disclosures. It does not suggest any wrongdoing by Rep. Hern, his spouse, or Mr. Mills, and it should not be read as guidance to buy, sell, or hold any security. Congressional disclosure is a legal transparency requirement, not an indication of impropriety.