In the past couple months management has been ditching our stock as fast as they can shovel it out the door. Recent sales -
MW $27 million
JJ $32
PB $20
HP $9
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Heck, I sold a couple of my shares too. I even have a few left, , 3 or 4. lmao.
I don’t blame them - just wish it was me!
That is because all executives get “options” as a significant part of their compensation and the higher you go the more options you get as a percent of your total compensation. Options are not worth anything if you do not use them!
Most rational people would.do the same, even if you purchased stocks at 140$ back few years ago, this it the time to sell, right now our stock is over priced because of Ukraine war and it will not stay this high for too long. It is best to sell and invest in something with more growth potential or wait until it crashes [in 6 months] and buy again with hefty dividends.
I wouldn’t do the same. I would know that this country needs American companies to be resilient and provide domestic energy to stay competitive on the world stage. I wouldn’t put my profit before my patriotic duty.
Execs working for shareholders to raise the stock price? What on earth nonsense is this!!??
Maybe one day if you ever become an exec like the ones you are so jelly of you can do the same!
Execs are incentivized to artificially inflate the stock price instead of reinvesting company profits into revenue-generating projects to sustain the Chevron for future generations. Their options print if the stock price goes up. How do you make the stock price go up? Do stock buy backs to reduce the number of shares in circulation. Who decides if the company does stock buy backs? Executives. The system is entirely self-serving. It’s good to be king.
This is a regular event. Execs in American companies hide their true salaries by taking 80-90% of their compensation in stock options, then 'quietly' cash them in a few years later when stock price is high and perceived not going any higher. Only those who peruse through the 682 page annual report can find (on page 579) their true salaries.
Business sense....the only Business that our executives manage is thier share options...the Business is left to rot.
LTIP options eventuality become worthless if not exercised. So exercising at record high stock price is a good move.
This makes great business sense. Sell high all day!
Those are LTIP options being exercised. They are time limited so its expected they will be selling large quantities of shares.
It can’t be because it’s reached record highs so they want to sell it. You’re right OP, it must be something else!