Mary Spilman, EVP of Millennial Media, recently sold 7,193 shares of the company. The sales took place at prices ranging from $7.26 to $7.27 per share, on dates ranging from October 01 to October 02, 2013. Spilman still owns 188,726 shares of the company. Spilman operates out of Baltimore, MD. Some additional info was provided as follows:
The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units.
Is it necessary? I mean, Does she need to sell now 50k $?. I know the amount is not relevant, but the message is disgusting..When I wrote to IR department about the sales of managment at $10, Wilkinson mentioned this taxes´s issue in relation with Spilman. Managment stinks with this amazing lack of timing.