Intel Co. (NASDAQ:INTC) CEO Brian M. Krzanich sold 71,413 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $30.35, for a total value of $2,167,384.55. Following the completion of the sale, the chief executive officer now directly owns 462,054 shares in the company, valued at approximately $14,023,338.90.
http://www.mideasttime.com/brian-m-krzanich-sells-71413-shares-of-intel-co-intc-stock/982339/
Top execs routinely sell large amounts of stock on a schedule. They probably don't even directly oversee the sales. They have to scheduled and published under stringent SEC rules. To the person saying 1/7th for 7 years you do know he will keep getting that amount or more every year right ? :)
He is probably selling 1/7 of his shares each year for the next 7 years. Which is a reasonable strategy.
Champagne socialist
No one hosts a game show better than BK.
I think execs have to file months in advance that they want to sell. It will be interesting to see if he sells off stock now w some regularity.
"Why do we have such disportionate inequality in our incomes !"
Because, clearly, BK's value to the company is several orders of magnitude greater than an individual worker's. LOL
Sell while the stock as peaked.
Why do we have such disportionate inequality in our incomes !