TC dumped another $3M+ in stock options/RSUs recently, wonder if he is following Reeder and, on his way out soon??
https://www.theglobeandmail.com/investing/markets/stocks/GFS-Q/insiders/
8 replies (most recent on top)
He is on his way out.
and other $400K+ worth of stock options/RSUs sold on 5/31/23 by TC
Nice. I'm envious
The fattest rat jumping off the sinking boat..
Looks like TC exercised another $3M+ in options/RSUs on 5/30/23, that makes over $6M cashed in during May 2023. The question is why is he cashing in so much, does he not have confidence in GF's longer term stock price???
https://www.theglobeandmail.com/investing/markets/stocks/GFS-Q/insiders/
I'm guessing they are grooming the "Texas Inst" guy for CEO and that is why Reeder is leaving, he got passed over for that guy and took his football and ran home.
How many bootstraps and long days do I need to get $3M in stock exactly? Asking for a friend
Most likely will be making an exit within a year. Guarantee the new batch of SLT he brought in are being groomed and ready. F’ Globalfoundries