Frank has made over 6 trades of the Fiserv stock since 2015, according to the Form 4 filled with the SEC. Most recently he exercised 377,955 units of FISV stock worth $13,810,476 on 1 September 2021.
The largest trade he's ever made was exercising 503,941 units of Fiserv stock on 16 March 2021 worth over $18,414,004. On average, Frank trades about 21,898 units every 34 days since 2015. As of 1 September 2021 he still owns at least 2,718,716 units of Fiserv stock.
However, the timing for one was around the $125 sell mark. You can possibly manipulate events in the company to help that.
I'm no fan of Frank, but there are stringent rules around C-suite stock sales. The dates of sale are set far in advance so as to not have the appearance of manipulation.
Because he knew the sh-t was tanking. Insider trading!! This guy doesn’t have morals.
Actually, it is most interesting. The timing is unusual.
Not really... He is the CEO. CEOs of companies are given stock options. People with stock options need to do stuff with them. Frank did stuff with his. This is literally how every publicly traded company works.
As for the "timing" it was most likely decided a long time ago (as in last year) and happens at regular intervals. Probably scheduled to happen just after the quarterly results are announced. So again nothing interesting to see here.
He’s setting on fat stacks while he asks us to move across the country