Two Delta executives, meanwhile, have been selling some of the shares they hold in the company. CFO Hank Halter sold 20,000 shares for about $207,500, and Executive VP Glen Hauenstein sold 50,900 shares for $529,400. The two executives recently had a large chunk of restricted stock vest, so the sales aren’t necessarily a huge surprise, or a glaring red flag, notes InsiderScore.com.
“The timing, however, is a little curious,” says an InsiderScore.com analysis. “Each executive had shares withheld to cover taxes when the restricted stock vested, so these weren’t tax sales. We understand the want and/or need to turn some stock-based compensation into cash, but with the potential for another round [of] big-time consolidation in the industry the major story amongst airlines right now, we’re a little surprised to see top executives taking money off the table.”
http://blogs.barrons.com/stockstowatchtoday/2012/01/30/two-delta-executives-sell-shares/?mod=yahoobarrons
“The timing, however, is a little curious,” says an InsiderScore.com analysis. “Each executive had shares withheld to cover taxes when the restricted stock vested, so these weren’t tax sales. We understand the want and/or need to turn some stock-based compensation into cash, but with the potential for another round [of] big-time consolidation in the industry the major story amongst airlines right now, we’re a little surprised to see top executives taking money off the table.”
http://blogs.barrons.com/stockstowatchtoday/2012/01/30/two-delta-executives-sell-shares/?mod=yahoobarrons
