RE:Insider Transactions - Septembermonty613 wrote: I noticed that in September boardmembers Todd Patrick and Anthony Holler gifted 600K and 200K shares respectively. That is an enormous amount of money ( $3MM / $1MM) and represents a sizeable portion of their holdings. Are the nature of these transactions public? Ie. the entity the shares was gifted to?
The reason I am wondering is if this was done for tax purposes - did they gift into a trust or some entity whereby gains will be sheltered from taxes? Does this foreshadow some sort of material transaction ie. a buyout, transformational acquisition, etc that would result in a big bump to the share price and they are doing some tax planning accordingly?
All speculation of course but it's certainly interesting.
it should also be noted that both of these gentlemen were part of the sale of ID Biomedical to GSK for $1.7bn back in 2005.
it is not impossible to imagine they are orchestrating and marketing a sale of CRH once they scale it....
https://investors.crhsystem.com/about-us/board-of-directors/