Originally Posted by
spooldup
It says that he is probably knowing he will be on the way out soon. I am sure Franke doesn't appreciate single digit margins when everyone else was at least double digit. Current management has ran this place into the ground since covid... Pre covid, F9 was doing pretty well. Expect a management shakeup in the near future if I had to guess.
but, you also have to remember the uppers are paid in shares more than cash... so if he sells X amount of shares, it is just him collecting money he might need for something instead of leaving it in the stocks. (like that house in Texas)
But no, I am not scared about someone in management selling their stocks.
I agree with all off this. Upper management is paid with stock, not salary. It's the same at most every company. And for good reason too. Far less taxes on that income. 15% vs 37%. So no, Biffle selling stock is not a sign the sky is falling. And if you all recall, we are making roughly a million dollars a day