FedEx insiders pulling money out of FedEx?

[snackdad]

Not sure what these moves may signal. Seems like insiders at FedEx are taking quite a bit of money out right now. Maybe they anticipate an announcement or move that may cause share price to slide in the future?


MEMPHIS, TN (MMD Newswire) January 17, 2012 -- David Rebholz sold 8,400 shares of Fedex Corp stock, or $757,712 worth, as noted in an SEC Filing today. As reported in the filing, the transactions occurred on January 13, 2012.
After the transaction, David Rebholz's stake was reported as 49,401 shares of Fedex Corp stock (a 14% decrease from before the transaction took place). In addition, David Rebholz performed several other transactions, including using transaction codes 'M' (exercise, usually of options). David Rebholz's title was listed as "President & CEO - FedEx Ground" at Fedex Corp within the filing.
As noted on January 17, 2012, David Rebholz's sale was done directly over 4 transactions on January 13, 2012. The share price ranged from $90.16 to $90.3 according to the regulatory filing detailing the transactions.
If we look over the past 12 months, David Rebholz has sold a total of 8,400 shares of Fedex Corp, proceeds from the sale totaled $757,712. Over the same time period, David Rebholz has purchased no shares of Fedex Corp stock. David Rebholz has also performed other transactions including grants or awards , used transaction code "J" , and exercise of options .
Let's take a quick, high-level look at insider trading at Fedex Corp over the past 12 months. A total of 447,104 shares of Fedex Corp stock was sold by insiders, totaling $41,205,404. Over the same time 12 month time period, 6,907 shares of Fedex Corp, for a total value of $488,034 were purchased by company insiders.
Source: SEC Filings



http://www.mmdnewswire.com/12-83052.html

 

[AKX]

Could be the next Enron

 

[Cactus]

Someone cooking the books in Memphis?

 

[MrFedEx]

Someone cooking the books in Memphis?

Maybe he has a divorce to pay-off, or a new house at Jackson Hole. Either way, he's over-compensated to have that much stock. By the way, Rebholz was a long-time Express employee, just like Bill Logue over at Fedex Freight. Fred eventually installs his lieutenants at all the OpCo's and tosses the old management out. It's usually when the Express guys arrive that all of the hourly employees figure out that the Third Reich has arrived and that the "Genghis Khan" management style is in effect.

I can't think of a single company that FedEx has purchased where the employees didn't get the shaft.

 

[vantexan]

Not sure what these moves may signal. Seems like insiders at FedEx are taking quite a bit of money out right now. Maybe they anticipate an announcement or move that may cause share price to slide in the..

Their wealth is all on paper until they convert the stock to cash. This is why they go to such lengths to get the stock price up. He may have chosen to do that for any number of reasons. As a corporate officer he has to file with the S.E.C. in advance his intent to sell. I'd be worried if he was trying to sell most of it, if not all, and FedEx stock would take a major hit if he did.

 

[55+]

It's now over 90 a share..that could've been his price point to sell

 

[DOWNTRODDEN IN TEXAS]

Or maybe he got a voicemail from Uncle Fredly that said, "Dave, I can't give you a raise this year (snicker..) sell some stocks and I will give you more.."

 

[Cactus]

I can't think of a single company that FedEx has purchased where the employees didn't get the shaft.

The customers too.

 

[snackdad]

This article is very informative. A 6 year history of who is pulling what out of FedEx. I like Fred's withdrawal of about 30 million in two days. Seriously how much money does one person need.

Insider Trading Activities at Fedex Corp (FDX)

 

[Cactus]

This article is very informative. A 6 year history of who is pulling what out of FedEx. I like Fred's withdrawal of about 30 million in two days. Seriously how much money does one person need.

Insider Trading Activities at Fedex Corp (FDX)

Wow!

Now this goes beyond greed. Everybody on this list is way overcompensated. And what do they really do for company other than try to be movie stars on FedEx TV?

And the cheifs sure outnumber the indians at this smoke & mirrors company.

Sad.

 

[bbsam]

So given the lengthy list of folks taking money out, and over the time period it is done, seems like there is no conspiracy to uncover. Just a bunch of rich people that take alot of money out over, and over, and over.

 

[snackdad]

I never saw the word conspiracy mentioned in any of the earlier posts. What is fun to imagine is that a typical Ground employee getting paid 700 per week would take 1430 years of work to equal one of Fred's withdrawals.

 

[Cactus]

So given the lengthy list of folks taking money out, and over the time period it is done, seems like there is no conspiracy to uncover. Just a bunch of rich people that take alot of money out over, and over, and over.

An endless recycling of money that is and that's the point you missed. Unlimited funds embrace the Memphis tower elite while one of your fellow "employees" struggle on the chicken feed they're paid while Fred probably laughs at the fact those same people will need to rely on government assistance just to make ends meet.

And guess who pays for that?

 

[bbsam]

An endless recycling of money that is and that's the point you missed. Unlimited funds embrace the Memphis tower elite while one of your fellow "employees" struggle on the chicken feed they're paid while Fred probably laughs at the fact those same people will need to rely on government assistance just to make ends meet.

And guess who pays for that?

I'm a democrat. I think that we the people have been getting off way to cheap for a very, very long time.

 

[Cactus]

I'm a democrat. I think that we the people have been getting off way to cheap for a very, very long time.

Well I'm glad you like it.