From the looks of recent VeeCo stock sales by Volcom CEO Richard Woolcott he’s getting a little spending money out before those capital gains taxes rocket back up in January 2011.
In the month of October Wooly’s stock sales were up to 85,000 shares from the his usual 20,000 shares, according to a report on Guru Focus. Woolcott sold 60,000 on October 7, 2010 for approximately $20 a share and the other 25,000 on October 10, 2010 at $21.49. That brings the October cash out to a total of $1,737,250.
But Wooly was not alone. Volcom’s EVP and CFO Doug Collier got the best deal of all. He sold 30,000 shares on October 13, 2010 at $22.
congrats wooly, hope that money makes it worth selling out.
What ever happen to YOUTH AGAINST ESTABLISHMENT????
There’s nothing more anti-establishment than financial independence…
It would be cool if Volcom made a T shirt with the V-co board of directors on it- prob 6 old white guys from ivy league schools enjoying a cognac and a fine cigar together. That would take some cajones! Caption: hi clones follow us blindly
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