CEO Reports Net $13.6M Share Disposition, Including $5.9M Open Market Sale
AMG sits 87% above its 52-week low of $179.79.
Summary
Affiliated Managers Group's CEO, Jay C. Horgen, reported a net disposition of $13.6 million in shares, comprising a $5.9 million open market sale and $13.3 million in tax-related disposals, following an option exercise.
Key Events · Ownership and Investor Activity · AMG
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CEO Disposes of Net $13.6M in Shares
Jay C. Horgen, President and CEO, reported a net disposition of $13,687,027 in company stock, representing 0.15% of the company's market capitalization. This figure accounts for both acquisitions from option exercises and dispositions from sales and tax withholdings.
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$5.9M Open Market Sale
The CEO sold 17,500 shares in the open market for $5,919,725 at an average price of $338.27 per share. This discretionary sale occurred while the stock is trading near its 52-week high.
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$13.3M in Tax Withholding
A mandatory disposition of 39,671 shares valued at $13,354,052 occurred to cover tax obligations related to option exercises.
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$5.5M Option Exercise
The CEO acquired 75,000 shares by exercising options valued at $5,586,750 at an exercise price of $74.49 per share.
Analysis · AMG · Finance
Jay C. Horgen, President and CEO, reported a net disposition of $13.6 million in company stock. This includes a discretionary open market sale of $5.9 million and a mandatory tax withholding of $13.3 million, which followed the exercise of options valued at $5.5 million. The open market sale, occurring while the stock is trading near its 52-week high, indicates profit-taking by the CEO.
At the time of this filing, AMG was trading at $335.36 on NYSE in the Finance sector, with a market capitalization of approximately $8.9B. The 52-week trading range was $179.79 to $345.07. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.