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Post by traderdennis on Aug 23, 2017 18:52:11 GMT -5
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Post by peppy on Aug 23, 2017 19:30:50 GMT -5
here is a wild guess. on his form, he checked the box it said sell stock to pay the annual account fee. ?
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Post by traderdennis on Aug 23, 2017 19:39:21 GMT -5
here is a wild guess. on his form, he checked the box it said sell stock to pay the annual account fee. ? yes Peppy, that was my first sentence, all four of them sold for taxes. with their huge compensation packages, if they sell 300 shares, the optics are better if they buy 600 a week before or the day after the sale. There is no rule against that I see.
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Post by peppy on Aug 23, 2017 20:01:00 GMT -5
agreed, trader.
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Post by rossomalley on Aug 23, 2017 20:32:29 GMT -5
here is a wild guess. on his form, he checked the box it said sell stock to pay the annual account fee. ? yes Peppy, that was my first sentence, all four of them sold for taxes. with their huge compensation packages, if they sell 300 shares, the optics are better if they buy 600 a week before or the day after the sale. There is no rule against that I see. Pfeffer's buy was at end of June. Why is it only being reported now?
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Post by #NoMoreNeedles on Aug 24, 2017 3:46:04 GMT -5
Overall, it reflects POORLY on management and BOD! I have never sold a single share, even after the massive R/S.
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Post by matt on Aug 24, 2017 6:21:14 GMT -5
with their huge compensation packages, if they sell 300 shares, the optics are better if they buy 600 a week before or the day after the sale. There is no rule against that I see. There are rules that prevent that if the person is an insider. Just like an insider cannot load the boat right before announcement of good news, or sell just before bad news, there are blackout periods around any material event. Note that it doesn't matter if you know there is material news coming, only if the executive does. I think we all know that there will have to be a material event or a major fund raising in the near term and any executive that knows about those plans, or even the options under serious consideration, would be tainted by that knowledge. Automatic sales pursuant to an established plan, like tax selling, are exempt from the rule but selectively buying shares to offset the tax sale are not exempt. The executives could file a 10b-5 plan with specific rules of what will be bought (like buy 10,000 shares on the first trading day of every quarter) but this is commonly done with sales and rarely done with purchases. Part of the reason is that taxes depend in large part on the PPS, while a purchase plan is more difficult to calibrate the program to market events.
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Post by #NoMoreNeedles on Aug 25, 2017 9:40:23 GMT -5
Raymond Urbanski only owns 2924 shares!?
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Post by promann on Aug 25, 2017 9:47:41 GMT -5
Raymond Urbanski only owns 2924 shares!? I agree there is something wrong there. Could it be a mistake?
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Post by #NoMoreNeedles on Aug 30, 2017 8:53:33 GMT -5
More filings posted yesterday.
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