I wonder why??
11 replies (most recent on top)
If you kept tabs on UB, she sold her shares pretty much as soon as she could.
He isn’t the first to do this. We have seen other senior executives who have sold significant shares right before a major future event takes place.
Don’t hold your breath waiting for something to happen .
He's an officer, right? Then he can't just sell his shares at a whim. He would be subject to blackout rules and have to request the sale far before it was executed. Timing is probably a coincidence. Most likely he realized the price has flatlined and there was $1M pre-tax dollars just waiting there for him, begging to be spent on a house or boat or to pd his retirement.
Too many people are emotionally committed to this false choice between hands off capitalism and straight up socialism. The answer lies in between.
Once we eliminate excessive corporate stock buy backs and reel in exorbitant Executive pay, the American worker will do better. Unfortunately the greedy are putting all the weight on your back, and there aren’t enough Doans back Pills to help you. It’s excessive and exploitation
He's going to be investigated for illegal insider trading for sure. Xerox was in court submitting oral arguments on Friday, September 6th at the NY Supreme Court, Herve sells $1 million in XRX shares on Tuesday, September 10th, and the court issues its brutal blow ruling against Deason and Icahn on Friday, September 13th! Um, Herve. What size do you take your prison striped jumpsuit? You look like a Medium.
Either that (knows something) or is planning to quit / retire
Insider selling is typically the most accurate bell weather of what is really going on. Herve knows something is rotten and is taking his cut before something nosedives.
He was awarded those shares on 1/14/19 for being awesome. My guess is he had to wait 9 months or 240 days before he could sell them, thus the sale. $0 Investment for a $1,005,000 return. Not bad for 9 months work.
Because he’s intelligent and insightful.
Down payment on the new yacht?