Worse mistake I ever made was making a decision to sell when the CEO of a company sold 10000 shares @ $7+ in 2002. Within 3 yrs. the price went to $70. I had over 60000 shares. Made money on my shares, however left a lot on the table. I should have called him & ask why he sold some of his shares. Won't do this with GNW. jUst to good of a company.
A lot of companies have certain dates that options and stock must be sold or exercised on regardless of the price. Can't really look into it too much. Also, he might have needed to sell to buy a mini condo up in Aspen for the winter.
How old is this guy? If he is younger then it makes sense that if most of his net worth was coming in the form of company stock/options that he would want to periodically reposition his overall asset allocation so is not overweighted in company stock. He is CFO, yes, but he doesn't pull the strings or make the critical/directional decisions either. It is a testament to the board that they approve his sales that they are confident that his actions are not 'il-timed' so as to impact the share price.
Agree with Kooshy......could be a number of things from Christmas shopping to divorce to vacation to maybe he is concerned about tax rates in the future who knows.......not a good indicator as to where price is headed. The business continues to grind forward as I expect the stock will continue to do as well