Michael M. Santiago/Getty Images News
- Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) Ajit Jain, vice chairman of insurance operations, sold some of his Class A shares in Warren Buffett's giant conglomerate for $139.1 million.
- Jain disposed of 200 Class A shares on September 9th at an average price of $695,417.65. According to each Regulatory filings on wednesday.
- That average price suggests a 0.9% increase over the closing price of Berkshire Class A shares (BRK.A) on Sept. 9.
- Jain currently controls 166 Class A shares, 61 of which he owns directly.
- The India-born Jain is a veteran of Berkshire Hathaway (BRK.A) (BRK.B) having joined the conglomerate's insurance group in 1986.
- In January 2018, Jain was promoted to vice chairman of insurance and Greg Abel was promoted to vice chairman of non-insurance. Both executives were named as possible successors to Buffett, but Abel ultimately emerged as the front-runner.
