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Pfizer CEO sold $5.5M in stock on same day of vaccine reveal

Pfizer CEO sold $5.5M in stock on same day of vaccine reveal

Pfizer CEO Bourla sold $5.6M of company stock Monday as shares soared on the news that a late-stage trial found the company’s COVID-19 vaccine to be 90% effective. The company explained that the sale ’is part of Dr. Bourla’s personal financial planning and a pre-established (10b5-1) plan’, allows major shareholders and insiders to trade a predetermined number of shares at a predetermined time.’

KCooper
KCooper
Adaly
Adaly 2 months

I thought this kind of trading was illegal?

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