Seems like if they wanted to avoid this sort of suspicion, they’d time the announcement for either right before or nowhere near when the scheduled sale would take place.
But then they wouldn’t get to feel like a Bond villain, so…
Yes, hypothetically the CEO could influence the date an announcement is made for their own personal gain, but it’s not worth it and there will be many more sell events in the future.
Long run, trying to scheme an announcement to gain more at 1/100 sales isn’t worth it.
CEO John Riccitiello shifted 2000 shares last week on 6th September, … part of a trend over the past year where the exec has sold more than 50,000 shares in total and bought none.
This is a drop in his equity bucket and any gains this article implies are due to “insider trading” will disappear in subsequent events.
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So they could just time the announcements after their scheduled sell-off?
Seems like if they wanted to avoid this sort of suspicion, they’d time the announcement for either right before or nowhere near when the scheduled sale would take place.
But then they wouldn’t get to feel like a Bond villain, so…
The point is this is one sale of many.
Yes, hypothetically the CEO could influence the date an announcement is made for their own personal gain, but it’s not worth it and there will be many more sell events in the future.
Long run, trying to scheme an announcement to gain more at 1/100 sales isn’t worth it.
This is a drop in his equity bucket and any gains this article implies are due to “insider trading” will disappear in subsequent events.