4 ms·

This has been debunked already - CEO sold the maximum amount of company stock he could from his yearly award every 4th quarter for the last 4 (5?) years in a ro

• lawrenceyan 9y ago
  Incorrect actually. Though it is true that Krzanich has consistently sold stock every 4th quarter, for this recent transaction, he massively increased the amount he sold. Krzanich sold so much in fact that if he had sold any more stock, he according to Intel corporate mandate bylaws would no longer be allowed to continue as CEO. If you don't believe me, look for yourself: https://www.fool.com/investing/2017/12/19/intels-ceo-just-sold-a-lot-of-stock.aspx https://www.fool.com/investing/2017/12/19/intels-ceo-just-so... https://www.sec.gov/Archives/edgar/data/50863/000112760217033679/xslF345X03/form4.xml https://www.sec.gov/Archives/edgar/data/50863/00011276021703... And 'coincidentally', this massive increase in selling just seemed to somehow perfectly fit right in the middle of Intel being privately informed of Meltdown in June but before any public disclosure kept locked away all the way until now in January. This is blatantly illegal insider trading. Don't let anyone tell you otherwise.
• mschuster91 9y ago
  This does not protect said CEO from breaking the insider trading laws. Nor does it protect Intel as a company from conveniently "omitting" the elephant in the room in their press releases and financial risk statements.
  • wmgries 9y ago
    Rules against insider trading do not prevent executives from trading the company's stock. They can set rules with their financial advisors like "sell x amount of stock every y weeks" which will be executed regardless of insider knowledge the executive has.
• username223 9y ago
  It's not clear to me that he's behaving like he did in the past: > According to filings, on Nov. 29, Krzanich exercised and sold 644,135 options and sold an additional 245,743 shares that he already owned. -- https://www.bloomberg.com/news/articles/2018-01-04/intel-ceo-krzanich-slashed-stock-holdings-at-end-of-last-year https://www.bloomberg.com/news/articles/2018-01-04/intel-ceo... Sure, he sold most of his 279k grant, just like he sold most of his previous (much smaller) grants, but he also flipped a huge pile of options. This strikes me as the behavior of a man who never had much confidence in the company he ran, and suddenly had much less.
  • delhanty 9y ago
    Mottley Fool article by Ashraf Eassa on December 19 [0] supports your position that it wasn't just routine behavior: >However, there were two transactions that Krzanich reported in that Form 4 filing that I thought were more notable than typical stock option exercises and subsequent share sales. Let's take a closer look. ... (Assuming that Ashraf called this without inside knowledge of what Intel had already disclosed by that date to selected 3rd parties.) [0] https://www.fool.com/investing/2017/12/19/intels-ceo-just-sold-a-lot-of-stock.aspx https://www.fool.com/investing/2017/12/19/intels-ceo-just-so...
  • sgc 9y ago
    I would do the same thing no matter the stock. It is stupid to keep all your eggs in one basket (as others are saying about userland all through this thread).
• noncoml 9y ago
  He is not inspiring much confidence in the future of INTC.