Recent Executive Stock Sales Highlights
Walter “Walt” Bettinger, the president and CEO of Charles Schwab, is set to speak at the 2015 Fortune Global Forum in San Francisco on November 3, 2015.
Recently, significant stock sales were reported from companies like United Airlines, NXP Semiconductors, and Charles Schwab. It’s useful for investors to keep an eye on what corporate executives are doing with their stocks, but it’s important to note that the reasons behind these sales can vary quite a bit.
The information collected comes from VerityData, which verifies it against filings made to the Securities and Exchange Commission (SEC). This data focuses on sales that are voluntary, excluding those explicitly stating the shares were sold for specific reasons.
Celsius Holdings
Investor Dean Desantis, who owns 10% of Celsius, sold 200,000 shares at an average price of $47.50, raking in $9.5 million. Remarkably, Celsius stock has surged more than 71% this year, with a solid 31% growth in the past three months alone. This increase is quite the turnaround after a hefty drop of over 50% following a disappointing performance in 2024.
Charles Schwab
Walter Bettinger, now co-chair of Charles Schwab since 2022, sold 173,900 shares at an average price of $98.84, amounting to $17.19 million. The stock for this financial services company has seen a rise of over 16% in the last three months and about 31% so far this year.
NXP Semiconductors
William Betts, the Chief Financial Officer, sold 6,800 shares at an average price of $227.34 per share, totaling $1.54 million. Notably, this sale cut Betts’ holdings by 82%. Despite a rise of approximately 12.7% in three months, the shares have dropped more than 9.5% over the year, leaving some room for concern.
Sky West
Robert J. Simmons, the Chief Financial Officer, sold 17,200 shares at an average price of $117.46, which totals around $202 million. This action reduced his holdings by 13%. Interestingly, Simmons has recently sold a significant $6 million in stock within the past month. Skywest shares themselves have increased about 16.5% over the last three months, showing a 9% uplift this year.
United Airlines
Michael D. Leskinen, CFO of United Airlines, dropped 23,000 shares at an average of $91.43 each, which adds up to $2.1 million. This sale reduced his holdings by 55%. Leskinen is among the United insiders who sold about $6.2 million in stock recently. United’s stock has gained over 16% in the past three months, although it has faced a decline of more than 11% so far this year.
Wingstop
Michael Skipworth, CEO of Wingstop, sold 4,500 shares at an average of $370.34 each, totaling around $1.67 million. This sale reduced his ownership by about 10%. The stock for the fast-food chain has risen roughly 31% over the last three months and has seen a 25% increase since the year began.
