On Wednesday September 9, 2009 Richard “Wooly” Woolcott the chairman and CEO of Volcom sold 20,000 shares of his stock at an average price of $15, then on Monday, September 14 he sold another 20,000 at $15.1, for proceeds totaling more than $600,000, according to Form 4 filings with the SEC.
But don’t worry. He still owns 3,210,932 shares of his company’s common stock. Wooly’s dad Rene Woolcott, on the other hand, has been selling 20,000 shares of Volcom every month since May 2009.
This is, after all, how people get paid.
those spykers ain’t cheap.
He must’ve bought Indonesia or a whole town in Costa Rica…….
So much for “youth against establisment” or maybe hes cashing out so he can buy every kid in the US lift tickets to support the famous slogan “let the kids ride for free”
$600K? Who cares, that will buy like three ounces of gold in a few months, two houses with pools in Arizona right now. Whatever. Let these guys live.
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