Friday, September 15, 2017 10:37:46 AM
Besides, the market is fickle. The stock did pop on announcement day but retraced most of it the following one. As an "insider", he is limited to selling on a predetermined schedule, filed long in advance, and then, as I recall only at the closing price on the day of the sale. In other words, the SEC has removed, to the best of their ability, the opportunity for insiders to sell their stock at opportune moments.
The stock Paul is selling to meet his everyday personal expenses is some of his "salary". I'm positive that he would prefer to keep all of it, but it's his source of income.
Dino
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