Intel Corp (INTC)

[Koog]

SEC Needs to Quit Taking Executives' Word on Stock Sales

An Intel spokesperson has said repeatedly that Krzanich's stock sale was part of a 10b5-1 pre-arranged stock sale plan and therefore can't be considered insider trading. Critics have long complained that executives abuse 10b5-1 plans, and Krzanich's case is particularly unusual. The Intel CEO waited until late October to set up the plan, well after he appears to have known about the security problem. What's more, the CEO sold his shares exactly 30 days after the plan was set up, the earliest date possible, and the size of the stake raised some eyebrows. Krzanich and Intel declined to comment for this column.

More at:

https://www.bloomberg.com/gadfly/articles/2018-01-09/sec-needs-to-quit-taking-executives-word-on-stock-sales