CFOs have been selling more of their company stock this year, according to a report in the Wall Street Journal. It calculates that finance chiefs' sales through Aug. 21 totaled $895 million, up almost 19% from the same period last year.
The CFOs are selling low-priced options that they were granted during the recession amid a rally in the stock market. Steven Sordello, CFO at LinkedIn, has sold $35.6 million in stock this year, while Omnicom Group CFO Randal Weisenburger has realized $33.8 million from a combination of selling and surrendering stock back to the company.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
