it's a very sad picture looking at insider trading history. There is not one buy on the open market. Only sells; based on the pre-arranged automatic plan. All of them are selling; except Jack nobody is holding a large position. Very sad.
Officers do plan sales, automatic. BUT this is a 100,000 dollar sale. Yeah maybe he needs the money cause he only makes a 686,000 salary. I feel sorry for the pour guy. Nothing would be more reassuring then insider BUYS. When you look at all the wages the officers make I think they could back up the company and reach deep into their pockets to buy some shares on the open market. Put your money where your mouth is. I'm long and have been for quit a while and I buy on dips not sell. Jack buy a few thousands shares and tell your buddies to do the same. This is exactly what AF, SA and the rest will write about, not how good our Qtr. was or script numbers.
Too bad it wasn't last week when this was sold. Also it's completely up to them to sell or exercise the option. The only time they exercised their options was around the beginning of the year and it was to some no names in the company. Hundreds of thousands of shares have been sold by upper management within a year half
If you view the filing you will see this is part of a 10b5-1 option plan. It is a pre-planned sale and the insider has no control over both the time AND the price of the exercise. It is automatic.
Very common these days - every exec uses rule 10b5-1 for personal liquidity and diversification of wealth concentration
You are right HR. Another thing these brainiacs aren't considering is the lifetime of the option. When I worked in biopharma (rank and file scientist, not exec), my initial options were good for 10 years, later grants were only good for 7 or 5 years. That might be the norm now for accounting reasons, I don't know because I don't have any now. Companies have a lot of employee blackouts and the way it was at mine was if your options expired during a blackout you lost them-you couldn't sell or even exercise to hold them. The other thing is the AMT-you have to run a big risk with this if you exercise and hold for long term capital gains. It's a risky strategy and most won't do it unless the exercise price is close to the trading price on the day of exercise. I came close to losing some options once when they were in the money due to bad planning on my part and a blackout. Later on I could have a 10b5 plan and I did, which worked out well for me as I was able to exercise and sell during a very long blackout.