THQ CEO Files Plan to Sell $14 Million of THQ Stock

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In a filing with the SEC today, THQ disclosed that Brian Farrell (the company's Chairman, President and CEO) entered into a trading plan with Goldman, Sachs & Co. in which Mr. Farrell will sell a total of 557,508 shares of THQ common stock that he receives as the result of his exercise of stock options.
Such plans are common among executives who want to avoid the appearance of timing the market when selling shares of their own company from the equity portion of their compensation package.

Of course, the equity being sold is worth around $14 million if the shares stay at their current level, and stockholders would always rather see company leadership hold, rather than sell company stock.

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This page contains a single entry by Editor published on August 25, 2006 11:06 PM.

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