AMC CEO Adam Aron Dumped $25.3M of Stock on Tuesday With Another ~$28M Forthcoming

StreetInsider2021-11-11

A Form 4 filing from AMC Entertainment (NYSE: AMC) CEO Adam Aron confirms that he sold 625,000 shares on 11/09 at $40.529, for a total value of $25.33 million. Earlier today, 144 paperwork with the ...

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YTigger
2021-11-11
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Earlier today, 144 paperwork with the ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=19196440\">网页链接</a>\n\n</div>\n","source":"highlight_streetinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC CEO Adam Aron Dumped $25.3M of Stock on Tuesday With Another ~$28M Forthcoming</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC CEO Adam Aron Dumped $25.3M of Stock on Tuesday With Another ~$28M Forthcoming\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 15:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=19196440><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A Form 4 filing from AMC Entertainment (NYSE: AMC) CEO Adam Aron confirms that he sold 625,000 shares on 11/09 at $40.529, for a total value of $25.33 million. Earlier today, 144 paperwork with the ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=19196440\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC","symbol_name":"AMC院线","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=19196440","article_id":"2182536160","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2182536160","pubTimestamp":1636614780,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"A Form 4 filing from AMC Entertainment (NYSE: AMC) CEO Adam Aron confirms that he sold 625,000 share","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线"},"translate_title":"AMC首席执行官亚当·阿隆周二抛售了2530万美元的股票，另有2800万美元即将抛售","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":0.9},"content_text":"A Form 4 filing from AMC Entertainment (NYSE: AMC) CEO Adam Aron confirms that he sold 625,000 shares on 11/09 at $40.529, for a total value of $25.33 million. Earlier today, 144 paperwork with the SEC showed Aron was selling a total of 1.25 million shares, worth an estimated $53 million.\nAron told investors on the recent earnings call that he planned to sell some stock as he takes most of his salary in stock and given upcoming tax changes.\nShares of AMC are up 1706% year-to-date on the meme-stock craze.\nHere is what he said on the call:\n\"Before we head to your questions, I'd like to end our prepared remarks with a personal comment, if I can. I believe that Chief Executive Officers of companies should own company stock, and I believe in transparency. So I want to repeat today comments that I made on our last earnings call 3 months ago. As one of my first acts in the [summer] as the new Chairman of the Board of AMC, I announce my intention to recommend to our full Board of Directors a new executive stock ownership policy. The Board approved that recommendation of the new policy at its most recent meeting. It applies to 19 of our most senior executives. Without taking you through as many nuances and complexities, the new stock ownership policy generally requires that I, as CEO, be required to carry 8 years of my salary in fully owned or Board-granted AMC stock. The goal is for our company's CEO to think and act like a shareholder because I am a shareholder. I want my interests to be aligned with yours.\nSeparately, on the last call, I pointed out that much of my annual compensation is not in cash but is in AMC stock. Each year, 62.5% of my compensation is in AMC stock, not cash, to be exact. In the almost 6 full years I have led AMC, with a caveat that I did get some shares to my 2 adult children and I forfeited some granted shares in some years but not in other to cover federal and state income tax withholding obligations, I have not sold a single AMC share. When AMC stock was rising in value earlier this year, I did not sell even one AMC share, not in March, not in June, not in September when I could have done so.\nBut on our last call, I also pointed out to you that in September of 2021, I would turn 67 years of age, a youthful, vibrant, vigorous full of life 67, I might add, but 67 nonetheless. Prudent estate planning suggests I should diversify my assets a bit, especially with Congress having been discussing imposing potentially soaring capital gains tax rates and significant changes to what can be passed on to one's heirs. So even though I was not required to make the public disclosures that I made back in August, to be transparent, I made those public announcements anyway. Nor am I required to make any public announcement today, although to be transparent, repeating those same public announcements today.\nI said then that I expected to sell some AMC shares before year-end and that I would do so under the auspices of a so-called 10b5-1 plan where I give up stock trading control and turn it over to an independent bank, in my case, JPMorgan Chase. My plan, though, which I did put in place back in August, has several parameters, including that the plan be set up several months in advance and that any stock sale be spread over at least 3 different calendar months. So you should expect to see some stock transactions shortly on my behalf.\nI can only imagine that naysayers and other who wish AMC harm will try to spread fear, uncertainty and doubt in this regard. But here's what they probably won't tell you. Even after this brief wave of selling comes to an end, I, Adam Aron, still will have well more than 2 million, 2 million fully owned or granted AMC shares in my name. If you do the math, you will see that with this much current and future ownership of AMC, I have an enormous personal stake in the future of our company, of your company, of AMC Entertainment. I fervently believe in AMC, and my interests are very much aligned with our broad shareholder base to care very much about the value of your ongoing investment and my ongoing investment in AMC Entertainment stock.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":870672046,"gmtCreate":1636617510776,"gmtModify":1636617510776,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870672046","repostId":2182536160,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":12,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.25.1","shortVersion":"4.25.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2182536160"}