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EVP Of Kraft Heinz Makes $1.15M Sale

Stock Markets Aug 24, 2022 16:13
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© Reuters. EVP Of Kraft Heinz Makes $1.15M Sale
 
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Lande Rashida la, EVP at Kraft Heinz (NASDAQ:KHC), reported a large insider sell on August 23, according to a new SEC filing.

What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that la sold 30,000 shares of Kraft Heinz. The total transaction amounted to $1,150,803.

Kraft Heinz shares are trading down 0.18% at $38.65 at the time of this writing on Wednesday morning.

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The Importance of Insider Transactions Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.

In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.

When a company insider makes a new purchase, that is an indication that they expect the stock to rise.

Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.

Transaction Codes To Focus On Investors prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.

Check Out The Full List Of Kraft Heinz's Insider Trades.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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EVP Of Kraft Heinz Makes $1.15M Sale
 

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