Citi execs sell shares worth $9.7 mn in two days
At a time when owning a Citi share costs you a little over a dollar, top executives of the battered entity have sold stocks valued at 9.7 mn dollars in just two days.
By PTI |
NEW YORK: At a time when owning a Citi share costs you a little over a dollar, top executives of the battered entity have sold stocks valued at 9.7 mn dollars in just two days.
Five executives including Citi's board member and former chairman Sir Win Bischoff have offloaded more than 7.7 mn shares valued at 9.7 mn dollars.
The transactions were done on March 2 and 3, according to the company's filings with the Securities and Exchange Commission.
The scrip of Vikram Pandit-led Citi, which has been severely hit by the financial turmoil, even dipped below the one-dollar mark last week. As on March 6, the company was trading on the New York Stock Exchange at 1.03 dollars.
At 1.25 dollars, one of the firm's top executives and directors Hernandez Roberto offloaded six million shares worth about 7.5 million dollars, the filings show.
Bischoff sold 90,423 shares at 1.32 dollars each, amounting to a total of 1,19,358 dollars.
Going by the filings, Medina-Mora Manuel, the company's chief executive (Latin America & Mexico), sold 1,500,000 stocks at 1.24 dollars per piece, for 1.86 million dollars.
Five executives including Citi's board member and former chairman Sir Win Bischoff have offloaded more than 7.7 mn shares valued at 9.7 mn dollars.
The transactions were done on March 2 and 3, according to the company's filings with the Securities and Exchange Commission.
The scrip of Vikram Pandit-led Citi, which has been severely hit by the financial turmoil, even dipped below the one-dollar mark last week. As on March 6, the company was trading on the New York Stock Exchange at 1.03 dollars.
At 1.25 dollars, one of the firm's top executives and directors Hernandez Roberto offloaded six million shares worth about 7.5 million dollars, the filings show.
Bischoff sold 90,423 shares at 1.32 dollars each, amounting to a total of 1,19,358 dollars.
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Going by the filings, Medina-Mora Manuel, the company's chief executive (Latin America & Mexico), sold 1,500,000 stocks at 1.24 dollars per piece, for 1.86 million dollars.
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