He is consistent anyway. He exercised options on 25,000 shares last week and sold them as quick as he could. The options were exercised at prices from $5 to $26 and the shares were sold for $29.54. See link below:
I know when I worked for ACO the idea of company shares meant - "you now have a stake in the company, so don't screw it up." I think that corporate philosophy has come full circle. With Apple's Steve Jobs and others who have a salary of $1 or less, but get huge fringes like stock shares, apparently it doesn't mean anything.
I guess my question would be: How do we make the head honchos care more? From outside looking in, it appears that they have no long term interest in the company, e.g. build up shares to make a substantial showing at shareholder's meetings.
Another view: they might be living beyond their means, need the money, etc. Again, that would be irresponsible for someone running a(my) company.
Looks like another VP (Morrison) sold a sizeable pc. in March so this may not be totally abnormal. However, I agree the timing is suspec in light of the Q1 results. Should be an interesting release in a few weeks.
I find it disturbing. I don't understand why an exec can sell stock so close to end of quarter when they are in a position to have very good insight into profit (for McKendrick into environmental profit). I had, and mostly still have, strong expectations for environmental, and since environmental is much more important for total eps in 2nd quarter than 1st, .....