Google Senior VP Sells Stock
Posted at 1:31pm EST on 12/05/2007
NEW YORK – The senior vice president of worldwide sales and operations at Google Inc., an Internet company, sold 6,000 shares of stock, according to a Securities and Exchange Commission filing Tuesday. — Forbes.com
Is this a sign that the SVP of worldwide sales is going to be leaving the company in the near future? His 6,000 shares sold for anywhere between $684 and $694, roughly valued at a sale of USD$4.12 million.
The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.
We’ll see what happens to his position in the near future.
