Ichor Holdings COO Sells Shares Under Trading Plan
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- 2
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- Repetition
- 50%
New informationRepeats or wire copies
What happened
Bruce Ragsdale, Chief Operating Officer of Ichor Holdings, Ltd., sold 2,149 shares of the company stock on October 2nd at an average price of $65.47. This transaction totaled $140,695.03 and was executed under a pre-arranged Rule 10b5-1 trading plan to cover tax withholding obligations. Ragsdale also sold 10,587 shares on September 1st at an average price of $51.93. The sale reduced his direct ownership position by 2.37%.
From tickerreport.com
Why it matters
The transactions represent a reduction in the insider's stake in Ichor Holdings, Ltd. The sales were conducted under a pre-arranged trading plan, which is a mechanism used to manage potential conflicts of interest when executives trade company stock.
From tickerreport.com
Who's involved
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The entities involved
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Needham & Company
American independent investment bank and asset management firm