https://seekingalpha.com/news/3954593-vmware-discloses-445m-share-sell-by-cfo
Zane must be so confident merge goes through…
8 replies (most recent on top)
This would have been planned months in advance and they (the C’s) are only able to sell at certain times of the year since they have insider knowledge. Yeah, it might look bad but it’s just part of the course and how they get paid.
lol it's clockwork because it's a tax witholding, same as all other employees, his is just $millions
Who cares, how does the selling of stock by folks who are already multimillionaires even remotely matter to the folks reading layoff.com
Difference from his previous sale is this time around there is a guaranteed $20ish premium with a merge. Why not wait just a few more months if he knows it will go through. After all he is a finance guy.
Zane sells like clockwork, as soon as he can. And has been doing so for years.
Some 4 or 5 top execs each got awarded a substantial amount of shares about week or so ago at $0 which I take to be part of their annual bonuses given that VMware's fiscal YE was January 30th, but they all sold a large number of their stock a few days ago (did not check if the numbers were the same as what they had received a few days before) at $15-$16/share less than what they would have gotten for them the Broadcom purchase if and when that deal closes, so not sure what that means but it does not strike me as a vote of confidence by them in the deal closing and/or the company's performance for this fiscal year.
He needs to buy that vacation home in Hawaii right away.
Seems like from that article that he still has plenty more that he hasn’t sold. But considering he could get another $20+/ share (and have sold this same amount for 2MM more) within a year if the merger goes through might signal some problems?