I love it when management and directors accumulate more stock!http://phx.corporate-ir.net/phoenix.zhtml?c=83185&p=IROL-secWould hate to be short
ture, but they are not selling upon issue...
They can't sell because it is restricted stock. All companies issue stock that have a vesting date which is usually a year after it is issued. It benefits us because:1. If they quit or get fired before it vests they lose it2. They have motivation to improve the stock value rather than just takin up space.
These are stock awards and not purchases. Good they have a vested interest but much different than personal investments.