Don, at the Market Pulse you posted that Ferre disposed of 2,000 shares or so. What is your take on that? It seems to me that he just needed some cash for his monthly expenses. It does not seem to be pointing to anything remarkable. Am I missing something?
Sorry i cut myself off. Selling seems exhausted to me. Not even a pre market trade this morning and yesterday aftermarket was meaningless. This stock will react to insider buying like it has in the past.like i said before quarters 3and 4 are most important.
Transaction code F entails "payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3". This is the way most equity award recipients handle payments due.
This was the reason. The taxes have to be covered on the options. It is very much a de facto situation. Otherwise the recipient much fork over cash. No reason to do that if you have shares to cover which will be replaced. As the individual it is a good deal and the smart way to go.