8/2/2022 - Vale sold 36,711 shares valued at $5,267,813. Average price $143.26
Maybe he knows something is upcoming?
5 replies (most recent on top)
What the f*** do you think they are waiting for? Do you think they are going to wait for the spinoff and use stock options that were granted for 100% of the company on stock for 75% of the company? Would you do that?
Looks like chief HRO Zoe - sold off part of her shares last week as well.... No confidence to hold?
Top dogs know very well the quagmire that 3M is in right now. So they will continue to sell shares as much as legally possible while the stock is still showing decent nos.
There is probably a short window of opportunity to sell stock and still make a decent profit, and that is exactly what is happening.
It was an option exercise and sale, he made about $800k in profit pre-tax. Since earnings were just announced, this is the open window for the C-suite to make trades.
I'm not sure if those options were near expiration or not (10 years old). Someone else here may know the prices for options from 2012...
It’s good technical time to be a seller. Don’t read more into this