Crocs CEO Andrew Rees Sells 30,000 Shares for $4.2 Million, Trimming Stake by 2%
Updated
Updated · Yahoo Finance · Aug 16
Crocs CEO Andrew Rees Sells 30,000 Shares for $4.2 Million, Trimming Stake by 2%
2 articles · Updated · Yahoo Finance · Aug 16
Summary
$4.2 million of Crocs stock was sold by CEO Andrew Rees, who disposed of 30,000 shares at a weighted average price of $138.49, according to an SEC Form 4 filing.
The sale cut Rees's total beneficial ownership by about 2% and reduced his indirect holdings by 4%, while leaving his directly held stake unchanged at roughly 570,000 shares.
713,293 shares remain in the Rees Family Living Trust, the vehicle used for the sale, and Rees still controls about 1.3 million shares worth roughly $177.4 million based on Aug. 10's close.
The transaction came after strong stock gains: Crocs delivered an 84% total return over the 12 months through Aug. 10, with the shares sold in multiple tranches from $136.78 to $140.05.