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Anyone know why Leonard and Fonaro take stock options each month (in excess of $1M) and cash them in. Most execs would hold on to options...what's going on?
Probably nothing...A lot of executives are on so-called SEC Rule 10b5-1, selling at certain intervals.
Play around with this site alittle, it's telling.
http://www.secform4.com/insider/showhistory.php?cik=aai
(Take a look at JBLU, their exec's are selling, but nothing strange, they make their money from this selling, as their salaries are lower than the norm.)
IMO, They are exercising their options IAW their SEC filings. Yes it may affect Stock Prices but... look at what is happening to Fuel costs? If you had say, a bunch of shares that were going to lose about a $1 per each, or more, and you could sell, not knowing how high Fuel costs will climb, would you hold or sell? I doubt there is anything shady going on here or anything out of the norm.Most execs get some level of compensation with options, but the numbers for these two seem excessive. Take a look at any stock quote page for AAI and look at Insider Transactions. A lot of $$$ and what's the affect on the stock price?
Most execs get some level of compensation with options, but the numbers for these two seem excessive. Take a look at any stock quote page for AAI and look at Insider Transactions. A lot of $$$ and what's the affect on the stock price?