Western Digital Corporation's Chief Executive Officer just disposed of 208,797 shares https://www.conferencecalltranscripts.org/summary/?id=11907302
6 replies (most recent on top)
he needs fund to remodel his kitchen, inflation hurts.
It is not as simple as you might think. If you look at the SEC filing, this was part of a more complicated transaction tied to the disposal of Dividend Equivalent Rights (https://investor.wdc.com/node/24761/html) .
He surely didn't want to sell at $37.90 per share while the company just issues preferred stock at a conversion price of $48. Can you imagine the message he would be sending to Elliott et al?
Needs some emergency money if he gets laid-off soon ; )
gotta pay those furlough bills, that is if executives participated
He’s disposing of thousands of employees too. It’s disgusting that he wins even as shareholders lose.
Need funds for pizza oven