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To clarify something, whilst it's the timing of this is determined by a 10b5-1 plan the decision of how many shares to sell was entirely Cook's and it's not ent
by Traster 7y ago
To clarify something, whilst it's the timing of this is determined by a 10b5-1 plan the decision of how many shares to sell was entirely Cook's and it's not entirely un-newsworthy. It's generally considered a not great sign that the CEO of a company is so confident in it that he doesn't want to hold any stock in the company, and there have been times where this has preceded problems -for example Krzanic at Intel notably sold off all but his board required minimum in the year before he got fired.
- cek 7y agoMost public companies have rules where senior execs 10b5-1 plans must be approved by the board. So "was entirely Cook's" is likely an incorrect assertion.
- mytailorisrich 7y agoNo expert but I believe that in a 10b5-1 plan both the timing and the number of shares are predetermined. If only the timing is predetermined then it defeats quite a bit of the purpose. Basically the idea is that the person cannot interfere with anything once the plan is set and thus cannot be accused of insider trading.