Facts Reporter (https://factsreporter.com/2017/10/11/insider-activity-for-investors-sears-holdings-corporation-shld/) is reporting an inside trade of a buy by Lampert on 9/28/17 of 50,539 shares at a price of $0. Could this be true or it is a typo? How could he buy at $0 if the going rate on that date was mid $7 range?
7 replies (most recent on top)
I probably wasn't personally responsible for cratering a great American company.
You probably didn't take all but $1 of your pay in stock.
When we used to get Sears share options (many years ago), we never got them at $0. We could exercise them for whatever the stock was worth when the option was given. So if the option was given in Sept. 1989 and it was exercised in Jan. 1992, the price paid was whatever the stock was worth Sept. 1989. Never got a $0 price.
note that it says the stock was acquired at a cost of 0. these are options that Eddie exercises that give him a bit more of the company each and every month. Even at current prices though, it's 300,000+. Eddie is a POS for continuing to take these shares.
Eddie is paid in stock. Be happy it will soon be wothless
OP here: Thanks for the info. I don't know much about how stocks work.
just his stock options being vested, happens every month.