John Schnatter told the Securities and Exchange Commission moments ago that he’d sold 44,174 Papa John’s shares for $3.4 million, the single-largest block he’s sold since he began aggressively selling at the start of the month; see table, below.
The filing shows he sold the shares at an average $76 each on Thursday. That brings to nearly 103,000 the number of shares he’s sold since Aug. 5, SEC documents show. Still, he remains far and away the single-biggest stockholder in the company he founded in 1984, with about 10.5 million shares, including those subject to options.
The company’s PZZA shares closed today at $75.36, up 91 cents, or 1.2%.
The trades were all on Monday, according to a series of Securities and Exchange Commission filings this afternoon, after stock markets closed. They were:
- Brian Olsavsky, CFO: 1,510 shares for $1.2 million.
- Jeffrey Wilke, CEO worldwide consumer: 4,890 for $3.8 million.
- Andrew Jassy, CEO web services: 1,950 for $1.5 million.
But their sales were dwarfed by the 1 million shares founder and CEO Jeff Bezos sold Aug. 2 for $757 million, his SEC filing showed. That brought to $1.4 billion his total sales in the past three months, according to GeekWire. But he still owned 80.9 million shares after that big trade, worth $62 billion.
Bezos’s SEC filing said the most recent sale was made under a Rule 10b5-1 trading plan, which allows company insiders to sell a predetermined amount of stock at a set time, to avoid the appearance of insider trading.
The retailer’s AMZN shares closed today at $764.63, up 59 cents. The three executives sold for prices ranging from $768 to $771.
Amazonpays its top executives far more in stock than cash. See how much they got paid last year and in 2014 in Boulevard’s highest-paid executives databases.