Robert B. McGehee, Chairman and CEO at PROGRESS ENERGY INC (PGN), sold 10,175 shares at $49.83 ($507K) on 2007-03-19, disclosed to the SEC on 2007-03-20.
Scheduled sale ($507k) by Chairman and CEO under a pre-arranged 10b5-1 plan. Pre-set trade — not a discretionary signal on the stock.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $49.82 | 7,444 | $371K | 73.2% |
| 2 | $49.83 | 2,731 | $136K | 26.8% |
| Total | $49.82 avg | 10,175 | $507K | 100% |
| Filing → |
| PGN | SELL | 2007-05-15 | $609K | — | Filing → |
| PGN | SELL | 2007-05-11 | $7.7M | — | Filing → |
| PGN | SELL | 2007-03-21 | $60K | — | Filing → |