RE:Insider Buying - Sept 2023 -Simply Wall St. Lead Director??? She's been very active in August cashing in all her options before retiring from the board. Lead Director! Lol.
I believe that newly appointed directors (men of women) must have skin in the business, that is owning shares purchased in the open market using their own money. But then a new lady is appointed to the board (with close to zero shares), and she is immediately issued tons of options and rights. ESG at its finest.
I don't see any real insider buying for the last several months but there is a lot of activity exerting options which is often misunderstood as buying in the open market. Yes, buying very low then immediately selling at market price which in the end is diluting total shares outstanding.
Do directors really deserve making extra hundreds of thousands in options for their "hard work and precious time" at the expense of investors? Unfortunately there is a belief that getting paid in cash is not enough. All public cos are doing it but Kelt is a bit too generous, in my opinion.