The Board of Directors canceled huge amount of their stocks in exchange for cash. That’s what these SEC filing from today show. Is this a sign that they are cashing out while they still can? And amazing that they can do this while regular stockholders can’t.
https://bedbathandbeyond.gcs-web.com/financial-information/sec-filings
11 replies (most recent on top)
Restricted Stock Award
Never paid a nickel for them. Receiving $206,000.00 (higher value than current market) is laughable.
They are looting the company!
At least we get security alerts about the criminals coming into our stores.
What about the criminals in corporate?
To be fair both are right. They do have to get rid of the shares to file. It just works out for them that they get a nice bounce back from it. They aren't stupi d. That's why they bought them in the first place. They know if they go to complete fire sale they still get that cash from their shares.
I just looked at the filing via the URL and that last comment isnt true, so don’t believe that flat Earther commenter. Each filing has in green lettering a sentence that in plain English says that shares were canceled in exchange for huge amounts of cash. Seems like definition of cashing out to me.
You people don't ever bother to research anything. The board disposed of non vested shares because in order to file chp 11 they are required by law to not hold any shares. They made no money from this
I don’t recognize any of the names in the filling?
Who's stuck holding the bag again? Look in the mirror.
If the board of directors knows what is going on isn’t that considered insider trading? Why should they come out rich and the workers get screwed. Not fair again BBB.
They still need to investigate the CFO. He took a header for a reason. I would think people want to know why.
Worst thing they did was being greedy and that started way back in the early 2000. ST was not the best leader but looking at what they just got rid of and now the big losers running this s show.
Sue G had big clown shoes to fill and think she has accomplished that. The ship has sunk.
They won’t be able to cash out if the company is announcing bankruptcy soon. Insider trading. Most likely a buy out announcement just around the corner. Either way it’s going to be a red wedding soon for some stores in the coming days and weeks. Bed Bath and Beyond as we know it is gone. New ownership and a smaller fleet. 400-500 stores at most.
They are cashing out before the stock becomes delisted. Remember that when you think about giving your loyalty to another company if you are not on the board or C Suite.
Thier parachute! It's done 4 smoke stack is under abandon ship!
Buyback bucks!