Alphabet (NASDAQ:GOOGL) Inc. (NASDAQ:GOOG) director John L. Hennessy has sold a series of shares in the company, with transactions totaling over $250,000. The sales, which took place on May 13, 2024, were executed through a trust and ranged in price from $165.90 to $170.03 per share.
The transactions involved several blocks of Class C Capital Stock, with the largest single sale comprising 660 shares at a weighted average price of $167.6535. In total, Hennessy disposed of shares amounting to a value of $252,123. The exact number of shares sold at each price point within the range has not been disclosed; however, the reporting person has committed to providing full information regarding the number of shares sold at each separate price upon request.
Following the sale, Hennessy's indirect ownership through the trust includes 4,391 shares of Class C Capital Stock and 33,160 shares of Class A Common Stock, among other holdings. It is noted that the transactions were carried out pursuant to a Rule 10b5-1 Trading Plan adopted by the John L. Hennessy and Andrea J. Hennessy Revocable Trust on November 1, 2023.
These sales are part of regular transactions reported by corporate insiders, which can provide investors with insights into the actions of company executives and directors. While the reasons behind individual transactions can vary, they are often watched closely by the investment community for potential signals about the company's future prospects.
InvestingPro Insights
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