RE:RE:Latest MSD PodcastGarden /DB - we've covered this already. Paul sold based upon tax planning but like was shared earlier, upon excercising upcoming options he stated he would have more shares than he started with. That means he is MORE invested in WRN than before the start of the year once that is completed!
Give it a break already on your infatuation with Paul and his personal stock transactions!
He already responded to me about how he excercises his options -- from last Sept. I highlighted something of interest for you. If you have evidence that he acted in an unethical or illegal manner...you should make sure the regulators have that information....otherwise give it a rest already!!!!
Per Paul - 8/30/2022:
"One thing to note with exercising options or restricted share units (RSU’s) is that you have to buy the options at the strike price and with both options and RSU’s you have to pay a significant amount of tax. I always tell investors looking at these transactions to look at the share count before and after all the transactions. You will note with my most recent RSU exercise that I ended up with more shares than before. In terms of timing, I only exercise RSU’s and options at their expiry, which I what I did most recently.
In terms of insider buying in the open market, this is obviously related to each insiders personal financial situation. What I think is most important is whether or not management is aligned with shareholders. I currently have a significant portion of my net worth tied up in WRN stock – if the shares do well, I do well, if it doesn’t I don’t. Most of the senior management and board are in the same situation and thus you can be assured that we are not it this for the salary – we, along with you, are it in to ensure that the share price goes up!"
Per Paul 2/23/2023:
"The recent selling has been for some tax planning and prep for a large option exercise in a couple months – after which I will have more shares than I started with a month ago. The timing is unfortunate, but is not completely under my control. Unfortunately, that’s all the details that I can give at this time."