by The Editors on October 19, 2010
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.
by The Editors on October 4, 2010
Every month Volcom’s Chairman and CEO Richard Woolcott sells some of his personal shares of Volcom stock. Occasionally, we like to check in on the totals. Here’s what he’s been selling lately, according to GuruFocus.com.
July 14, 2010 20,000 shares at $19.44 ($388,800)
July 27, 2010 20,000 shares at $20.00 ($400,000)
August 16, 2010 10,000 shares at 16.04 ($160,400)
August 24, 2010 10,000 shares at $15.32 ($153,200)
September 14, 2010 10,000 shares at $17.49 ($174,900)
September 24, 10,000 shares at $17.88 ($178,800)
That means he’s sold 80,000 shares in the last three months and turned that into $1.4 million in cash. But don’t worry. Wooly still has at least 2,730,932 shares left. And at today’s trading price that’s worth a little over $50 million.This brings to an end our Monday afternoon pep talk.
[Link: Gurufocus.com]
by The Editors on April 14, 2010
Orange County California’s Chapman University created a new Chapman Entrepreneur of the Year award and they are giving the very first one to Volcom’s Richard Woolcott.
The honor, which Sudek said “reflects the dynamic entrepreneurial spirit of Southern California,” is meant to recognize the vital role Orange County plays in American business. . . Richard Woolcott co-founded Volcom in 1991. He has served as the company’s CEO since that time, and took the company public in 2005. In addition to his business credentials, Woolcott is also an athlete and member of the Scholastic Surfing Association Hall of Fame.
Wooly better make some more space in his trophy case. . .
[click to continue…]
by The Editors on March 17, 2010
On March 15, 2010 Richard “Wooly” Woolcott sold another 20,000 shares of Volcom stock as part of his “sell 20,000 shares a month” program. This month, however, his shares are only $375,400. He appears to have sold at least 20,000 shares each month since September 2009.
But don’t worry. He still owns 10 percent of the company.
[Link: Guru Focus]
by The Editors on September 16, 2009
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.
[Link: SEC via GuruFocus]
by The Editors on June 5, 2008
Volcom CEO and Chariman of the Board Richard “Wooly” Woolcott sold 15,000 shares of his company today as part of a prearranged 10b5-1 trading plan for a cool $375,000. That should keep him rolling for a while (seems like we always say that when VeeCo shareholders get paid).
[Link: Forbes.com]
by The Editors on June 4, 2008
Sorry for all the Volcom news lately, but they’ve had it going on this week. Most recently the fact that CEO Richard “Wooly” Wolcott has been elected chairman of the board of directors. He’ll be replacing his father Renee Wolcott Mr. Wolcott will remain on the board. Wooly will also remain CEO. So, we guess that means he’ll be CEO and Chairman of the board.
In other news, Jason “J-Dog” Steris is now president. Congratulations, Jason. Damn, fine ride so far.
[Link: CNNMoney.com]
by The Editors on January 23, 2008
Surfermagazine.com editor Zach Weisberg gets the chance to interview Richard Woolcott about Volcom’s recent purchase of Electric Visual and he only asks three questions. . . really Zach? And you’re calling that an exclusive? Here’s the answer to the first question:
Electric is a company that we have always felt would be a good fit for Volcom when the time was right. When Electric approached us that they were interested in looking for a strategic partner, we rolled up our sleeves and went to work. We believed we were the right company for them and fortunately everything worked out for both of us.
Click the link for the other two insightful, probing questions.
[Link: Surfermagazine.com]
by The Editors on January 1, 2008
In a 10b5-1 prearranged stock sale Richard “Wooly” Woolcott reported that he sold 11,104 shares of Volcom stock at about $25 a piece netting him a $277,000 after Christmas bonus. He squeaked that in under the 2007 tax year.
[Link: Forbes]
by The Editors on April 12, 2018
We talked about this a while ago (November 1, 2017 to be exact), but it appears that the day of Kering’s off-loading of Volcom has officially arrived, according to a story on SGB Media.
“In accordance with Kering’s strategy to fully dedicate itself to the development of its luxury houses, Volcom no longer constitutes a core asset and Kering has initiated a disposal process,” the group said in a statement.
Disposal process? Wow. Kering bought Volcom in 2011 for $608 million will Wooly buy it back for $200 million? Could this happen, (please)? We’ll all just have to wait and see.
[Link: SGB Media]
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.
