Originally Posted by
amcnd
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...
I have never heard of this rule, unless you’re referring to “IPO lock-up period”, which insiders have to wait 3-6 months to sell their positions.
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?