Dan SEC edgar is down, but from what I recall, they don't have a lot of options granted at this time. A lot for them [not us], like 100k or more.
Insider can sell stock if it is registered, which can be done relatively fast, so long as the Co. does not object if they have restricted stock. Options usually vest so much every year, or Q.
But, in the case of these two Cos., insiders used to have stock, they sold some, but not much, always keeping good fraction from option exercise. Now they've sold down to nearly nothing. I remember one VP sold 200k shares, and kept 2k.
Even with restricted stock they can sell short against stock or options, like box it.
May be they all're just cashing in before early retirements? Why work if you don't have to? -g- |
