Stephen M. Lacy, Chairman and CEO at MEREDITH CORP (MDP), sold 81,920 shares at $57.17 ($4.7M) on 2017-08-14, disclosed to the SEC on 2017-08-15.
Seasonal sale ($4.7M) by Chairman and CEO — this insider has traded MDP in August in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $56.80 | 10,184 | $578K | 12.4% |
| 2 | $57.17 | 6,736 | $385K | 8.2% |
| 3 | $57.17 | 6,736 | $385K | 8.2% |
| 4 | $57.20 | 58,264 | $3.3M | 71.2% |
| Total | $57.15 avg | 81,920 | $4.7M | 100% |
| Filing → |
| MDP | SELL | 2017-08-02 | $1.3M | — | Filing → |
| MDP | SELL | 2016-08-18 | $1.5M | — | Filing → |
| MDP | SELL | 2016-08-02 | $5.0M | — | Filing → |