Wirth sold like 2% of his shares. Nice try though.
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https://finviz.com/quote.ashx?t=CVX
scroll to the bottom of the link above
Insider Trading Relationship Date Transaction Cost #Shares Value ($) #Shares Total SEC Form 4
Wirth Michael K Chairman and CEO Sep 16 Option Exercise 73.70 33,750 2,487,375 33,750 Sep 18
Wirth Michael K Chairman and CEO Sep 16 Sale 125.00 33,750 4,218,801 0 Sep 18
Worth know like all of us that the price is coupled to oil price. He is just diversifying his portfolio.
Problem today is that corporate boards hand out stock to the insiders like it’s candy. The insiders no longer have a need to buy any stock because they are given so many shares for free for showing up to work every day.
Mr. Wirth is an insider. His transactions are reported on an SEC Form 4 filing. Anyone can view these online. Try a search string with his name and “SEC filing”. Presto. Always good to know what CEOs are up to but there many reasons to sell stock.
I like the way Peter Lynch put it (paraphrased): “There are many reasons corporate leaders sell their company stock, but only one reason they buy it; because they are expecting a good return”.
INSIDER LAST DATE TRANSACTION TYPE SHARES TRADED SHARES HELD
WIRTH MICHAEL K 11/04/2019 Sell indirect 15,844 31,959
www.nasdaq.com/market-activity/stocks/cvx/insider-activity
- I