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Scripps leaders are selling shares of their stock

Y2kTheNewOldies

Y2kTheNewOldies

Walk of Fame Participant
https://www.ftvlive.com/sqsp-test/2017/3/20/scripps-suits-are-selling-stock

Read into what you want, but a couple of big suits at Scripps are dumping a load of their stock.

Richard A. Boehne, chairman, president and CEO, has established a plan to sell up to 150,000 shares if certain criteria are met. Sales of shares may commence on April 17, 2017, and would be completed by Oct. 13, 2017.

Adam P. Symson, chief operating officer, has established a plan to sell up to approximately 20,300 shares if certain criteria are met. Sales of shares may commence on April 17, 2017, and would be completed by Oct. 31, 2017.
Click to expand...

Unlockign share value could be a reason for scripps to do this though.
 
That's a very misleading headline. Normally when you own stock, you can establish a "Sell" order if the stock reaches a certain price. That's likely what they've done. But to say they're selling their stock is presumptive to say the least. The sale hasn't happened, and the article doesn't say what "criteria" they've set. They're spreading it out over 6 months so the sale doesn't adversely affect the stock price. But it sounds like an auto-sell order, which is typical for any stockholder.
 
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