Hmm, I Wonder Why These Equifax Managers Dumped Their Stock Last Month?
The credit reporting agency
The shares sold by the three executives were valued at almost $1.8 million, Bloomberg first reported . Three SEC filings confirm the report.
On August 1, just days after Equifax says it first learned that hackers had made off with the personal information for 143 million people and the credit card numbers of 209,000 individuals, Equifax chief financial officer John Gamble and president of U.S. information solutions Joseph Loughran each sold shares worth hundreds of thousands of dollars, according to SEC filings. Gamble sold 6,500 shares , worth about $946,374, while Loughran sold 4,000 shares , worth $584,099.
Gee, that's weird!
Then, on August 2, Equifax's president of workforce solutions Rodolfo Ploder also sold some stock ( 1,719 shares ), to the tune of $250,458. Bloomberg reports that these transactions weren't pre-scheduled.
That's neat I guess.
Gizmodo asked Equifax to explain the trades and will update if the company responds.
[ Bloomberg ]