There are many reasons a corporate employee might sell some or all of their company shares. Options come with rules and regs or sometimes a person just needs the money! Or, maybe there's an opportunity out there that seems like a better investment. Like a great deal on a larger mansion.
Nevertheless, it is curious that the President of MCD USA would sell off more than one-quarter of his MCD holdings Especially since the share price has been a nice little run-up over the last ninety days.
7 comments:
I don't always see a problem with executives selling stock. These sales are typically on an automatic plan to avoid insider trading laws. For example, their written plan is to sell X amount of shares and Á intervals, or sell X amount of shares when the stock price reaches Y times trailing annual sales or hits the 200 day moving average etc.
Or he wants to sell whever stock options vest.
Agreed. We lack so much information that it's difficult to make a judgment. That's why we rarely mention this kind of thing. But it's interesting to watch how these sort-term corporate execs handle their tiny share of the company. McDonald's Owner/Operators treat the corporate guys as if they own the company when in fact insiders only own 0.21% of MCD shares.
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Probably buying a bigger house, his 6320 sq ft ,$2.42MM mansion is too small.
https://www.chicagotribune.com/real-estate/elite-street/ct-re-mcdonalds-exec-joe-erlinger-kenwood-mansion-1009-20201009-o4jepgn24vh7vog7dyf4vxzvkm-story.html
Give the guy a break - He's only got seven bathrooms.
"Other features in the home include five full bathrooms, two half bathrooms, six fireplaces"
Blogger Richard Adams said...
Give the guy a break - He's only got seven bathrooms.
He needs seven because hes so full of it!
Blogger Richard Adams said...
Give the guy a break - He's only got seven bathrooms.
He needs seven because hes so full of it!
Bigger boat?
Beach house?
Jealous of franchise owners with both?
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