SkyWest ?’s
03-17-2021, 08:44 PM
#1781
Banned
Joined APC: Jan 2021
Posts: 1,164
In other news I received an alert CC just sold 17,000 shares (around $1,000,000). That’s just over 10% of his total shares.
Sort of odd, maybe he’s just taking profit, we had multiple board members purchase shares no less than a month ago. Also Goldman Sachs just gave it a $70 price target a few days ago.
Sort of odd, maybe he’s just taking profit, we had multiple board members purchase shares no less than a month ago. Also Goldman Sachs just gave it a $70 price target a few days ago.
Last edited by LAXtoDEN; 03-17-2021 at 08:56 PM.
03-18-2021, 06:18 AM
#1782
Gets Weekends Off
Joined APC: Aug 2020
Position: 25A
Posts: 360
In other news I received an alert CC just sold 17,000 shares (around $1,000,000). That’s just over 10% of his total shares.
Sort of odd, maybe he’s just taking profit, we had multiple board members purchase shares no less than a month ago. Also Goldman Sachs just gave it a $70 price target a few days ago.
Sort of odd, maybe he’s just taking profit, we had multiple board members purchase shares no less than a month ago. Also Goldman Sachs just gave it a $70 price target a few days ago.
03-18-2021, 06:35 AM
#1783
Gets Weekends Off
Joined APC: Jan 2019
Posts: 1,130
Good for him, the thing is at near all time highs and selling is part of his compensation package. Honestly the airlines are way ahead of themselves especially if their isn’t a 4th bailout. I mean look at MESA...a bunch of people who have no idea what type of airline are “investing” in.
A year ago when everyone panicked and SKYW dropped CC went in BIG with his own cash (not options). This isn’t an issue, IMO.
A year ago when everyone panicked and SKYW dropped CC went in BIG with his own cash (not options). This isn’t an issue, IMO.
03-18-2021, 06:56 AM
#1784
Gets Weekends Off
Joined APC: Jul 2008
Posts: 4,252
Directors and executives don’t get to sell stock when they want. They have to set up date 5-10 years in advance.. CC selling his stock has nothing to do with anything, other then 5 years ago he decided the was going to exercise his sells once every 4-5 years...
03-18-2021, 08:09 AM
#1785
Gets Weekends Off
Joined APC: Jan 2019
Posts: 1,130
Respectfully I don’t think that is true, SEC rule 144 doesn’t state that and JO is selling and their company hasn’t been public for 5 years...but I’m out of my depth here. The board might have something saying something like options can be exercised in 5 years.
03-18-2021, 08:30 AM
#1786
Porco Rosso
Joined APC: Apr 2018
Posts: 2,522
Directors generally have to give advance notice, but we're usually talking weeks or months, not years.
03-18-2021, 10:16 AM
#1787
Banned
Joined APC: Jan 2021
Posts: 1,164
A director or any affiliate is limited under short swing profit rules and volume controls when trading. Insider trading violations require that the trade is not based upon non public information.
Every trade made by an insider will become public, as I received an alert via E*TRADE, but other than short swing restrictions CC doesn’t have to wait years to sell.
When you say “exercise” you sounds like you’re referring to long term call options?
03-18-2021, 11:14 AM
#1788
Gets Weekends Off
Joined APC: Jan 2019
Posts: 1,130
When a company offers their executives options in their publicly traded company, they are giving this person an “option” to buy with their own money X amount of stock, for X amount of price in an X amount of time period. If the company stock goes up the stock can be purchased for a discount and then held or sold. If the stock goes down and the time period elapses the executive is going to let the option expire because why would they pay more than market rate? They have the option to buy (exercise) or not with their own money.
I believe what AMCND previously referenced was the vesting periods companies can impose on these options.
03-19-2021, 03:44 AM
#1789
Gets Weekends Off
Joined APC: Jul 2017
Position: CRJ9 CA
Posts: 4,083
In other news I received an alert CC just sold 17,000 shares (around $1,000,000). That’s just over 10% of his total shares.
Sort of odd, maybe he’s just taking profit, we had multiple board members purchase shares no less than a month ago. Also Goldman Sachs just gave it a $70 price target a few days ago.
Sort of odd, maybe he’s just taking profit, we had multiple board members purchase shares no less than a month ago. Also Goldman Sachs just gave it a $70 price target a few days ago.
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