These sales occured in the markets today, and were conducted under his personal pre-arranged trading plan on file with the SEC. [That in turn means Mr. Frazier did not precisely pick the timing of the sale, only the general (formulaic) trigger points.]
Significantly, even after this latest transaction, he still holds well over half a million common shares of Merck, outright, and has fully vested options on more than an additional 2.6 million shares, and partially unvested options on another 1.2 million or so. So. . . he is still very heavily invested in Merck.
Just employing common sense here, I am all but certain his Merck stockholdings are his single largest asset class, by an order of magnitude -- in his personal portfolio. He is -- and remains -- deeply engaged and aligned with Merck stockholders, in my view. Now you know -- out for a walk-about, now. . . Be excellent to one another!
1 comment:
WOW!! All while Merck West Point USW Local 10-86 is being faced with contract proposals such as 12 hour work days, elimination of premium pay, part-time employees, more subcontracting/job outsourcing, etc,.Union is standing strong and cannot except these give backs. The way Merck acts you'd think they are a company ready to go out of business. Current contract expires 04/30/2016.
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