How does an insider dispose of 37,250 shares for $0 on an inside trade? This type of data is confusing. According to the insider sales data, director Horsely sold such for $0 on 29 Dcember. Let me guess that RF has a procedure to allow officers to sell to the treasurer at the high perice for 29 December or the price at 3 PM on that day of choice (or some basis), and if Horsely had 37,250 options issued at $28.00 that he agreed to "sell" at $38.00 (RF closed at 38.02) then he collected $372,500 from RF on that day.
Is this what disposition for $0 means?
Any idea what is allowed as a non-open-market purchase price to RF officers to cancel an obligation (options) and is this part of the buyback total?