Well nothing to be alarmed about. Paccione Philip has more options available to cash and selling a few to diversify his holdings is nothing. His daily wages are secure ...thanks to the frivolous law suits. " I fallen and cant get up all because of Skecher tone up " and of course Deville & Horne is willing to file a lawsuit on any pretext. I don't think Hand grenades come with red label warning DO NOT ADD TO SALADS but I sure can find a lawyer to sue on my behalf ( well if alive or my near and dear if they are not too embarrassed ). Well If he planned a sale in Dec he would be richer by several thousand bucks.
Guys, relax! It is just a normal auto process..if you notice the dates..the first sale happened on 11/4, the next one on 11/19. Means auto-sell every 15 days. Either this guy needed some money or could be for tax purposes..may be he is buying a new home or going on a long vacation:-)
If the name doesn't end in -berg, I don't care about the insider selling as far as this company goes. Weinberg and the Greenbergs are the predictive sellers here. The rest are just as clueless as we are.
Agreed, the 14k sales is chicken sh. compared to both Paccione's total holding now 50k shares, and Weinberg's 100k shares, but more importantly the Greenberg and trust's $400 million + holding.
We don't know what the tax liability, alimony whatever status is of individuals. Who knows why Paccione needed the cash?
A lot less important than what's going on in the stores.
The comment re: litigation is silly. The suits have been dismissed as frivolous by the COO and as a Corp Sec./ legal counsel, Paccionne would not use insider info to trade on such info. as that would be suicide, so relax on that front.