Thu, Aug 28, 2014, 5:46 AM EDT - U.S. Markets open in 3 hrs 44 mins

Recent

% | $
Quotes you view appear here for quick access.

The AES Corporation Message Board

  • mostock4me mostock4me Oct 25, 2006 7:06 PM Flag

    Inside Selling - Why?

    I'm looking to go long this stock. Anyone know why the SVP has been selling?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Good point. But I think I'd rather see Miller sell into irrationally exuberant momentum. Then I'd quietly follow him out the door. One thing I learned from owning AES over the years is that being long doesn't mean you have to be long forever (maybe this is obvious). There are times to buy and times to sell. $70 in '00 should have been a sell (I didn't); $2 in '02 was definitely a time to buy (I did).

    • My guess is that Shahzad is planning to leave the company so he exercised and sold all of his outstanding in the money options. If you look carefully at the Forms 4, it looks like he exercised and sold everything that he could. His remaining shares seem to be 20k in the 401k plan and 7k of options that will vest in March. Also, on Oct 13, the company announced that John Mclaren would replace him as EVP and president Europe & Africa and said that Shahzad would focus on business development.

      Either that or he's planning to build a big new house in connection with his new role. In either case, I wouldn't worry about it. The insiders at this company are still massively invested in AES stock and options.

      "On Friday, October 13, 2006, the Board of Directors of The AES Corporation (the �Company�) appointed John McLaren, 44 years old, to the position of Executive Vice President of the Company, and Regional President of Europe and Africa.

      Mr. McLaren served as Vice President of Operations for AES Europe and Africa from 2003 - 2006 (and AES Europe, Middle East and Africa from May 2005 � January 2006), Group Manager for Operations in Europe and Africa from 2002 � 2003, Project Director from 2000 � 2002, and Business Manager for AES Medway Operations Ltd. from 1997 � 2000. Mr. McLaren joined the Company in 1993. The Company has not entered into an employment agreement with Mr. McLaren in connection with Mr. McLaren�s appointment.

      Mr. McLaren will assume the role of Regional President of Europe and Africa from Shahzad Qasim. Mr. Qasim will continue with the Company as an Executive Vice President, focusing on business development work."

 
AES
15.04+0.01(+0.07%)Aug 27 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
TubeMogul, Inc.
NasdaqGSWed, Aug 27, 2014 4:00 PM EDT
Burger King Worldwide, Inc.
NYSEWed, Aug 27, 2014 4:00 PM EDT
Kite Pharma, Inc.
NasdaqGSWed, Aug 27, 2014 4:00 PM EDT