$IRBT Founder notifies of intention to sell stock
Colin Angle intends to sell 23k shares in the next 90 days after lodging an Intent To Sell Form on the 13th of January. If the sale is conducted around the recent share price of US$67.13, it would amount to US$1.6m.
For the year to January 2021, Colin’s total compensation was 13% salary and 87% other compensation.
This indicates that these sales could comprise a meaningful part of their income for the year.
Since March 2021, Colin’s direct individual holding has decreased from 254.56k shares to 228.64k.
Company insiders have collectively sold US$917k more than they bought, via options and on-market transactions in the last 12 months.