this post was submitted on 14 Sep 2023
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Hard to see selling stock, as an executive, as confidence inspiring.
All execs sell their own stock all the time. You're just aware of it today for one company so it seems like an issue.
Riccitiello has 3 million shares. He sold 2k (.06%) recently and 50k (1.5%) YTD.
You should also be made aware that when you are identified as a director of a company, trades like this are generally automatically scheduled due to MNPI regulations.
https://www.gurufocus.com/stock/U/insider
Tim Apple sells about a million shares of AAPL every year, while holding roughly 3M continuously. Likely all pre-planned on a schedule.
https://www.gurufocus.com/stock/AAPL/insider
It's common for executives compensation to be partly in stock or stock options, so it's not uncommon for them to execute and sell.