Mettler-Toledo Director Thomas Salice Sells 417 Shares for $600,651, Retaining $75 Million Stake
Updated
Updated · Yahoo Finance · Aug 10
Mettler-Toledo Director Thomas Salice Sells 417 Shares for $600,651, Retaining $75 Million Stake
1 articles · Updated · Yahoo Finance · Aug 10
Summary
$600,651 of Mettler-Toledo stock was sold by director Thomas P. Salice on Aug. 5 through a Form 4-reported disposal of 417 shares.
The transaction was a non-discretionary exercise-and-sell: Salice exercised 417 options at $397.95 and immediately sold the shares at a weighted average $1,440.41.
292 shares remained in Salice's direct ownership after the sale, while 52,492 shares were still held indirectly through SRB Investments LLC and Teaghlach LLC.
That remaining position was valued at about $75.03 million based on Mettler-Toledo's Aug. 5 close, with the stock up 14% over the past year.
Mettler-Toledo, a $28.7 billion precision-instruments maker, generated $4.1 billion in trailing-12-month revenue and $905.6 million in net income.