Summary
Booking Holdings Inc. (BKNG) announced on December 10, 2021, that its CEO, Glenn D. Fogel, and CFO, David I. Goulden, have adopted pre-arranged stock trading plans under Rule 10b5-1. These plans allow for the sale of company shares under specific conditions and at predetermined times, removing the executives' discretion over the timing of these transactions. This is a standard practice for insider stock sales, designed to comply with SEC regulations while allowing executives to diversify their holdings or meet financial obligations. Specifically, the CEO's plan involves the potential sale of up to 100% of net vested shares from performance share units and restricted stock granted in 2019 and 2021, with sales commencing no earlier than March 15, 2022. The CFO's plan permits the sale of up to 1,800 shares, with sales beginning no earlier than May 16, 2022. Investors should note that these plans are subject to price limits and are designed to avoid any appearance of insider trading. The company also indicated that a comprehensive table of pre-arranged trading plans for all Section 16 officers and directors is available on their investor relations website.
Key Highlights
- 1CEO Glenn D. Fogel and CFO David I. Goulden have adopted Rule 10b5-1 trading plans.
- 2CEO's plan allows for sale of up to 100% of net vested shares from 2019 and 2021 grants, starting March 15, 2022.
- 3CFO's plan allows for the sale of up to 1,800 shares, starting May 16, 2022.
- 4Sales under both plans are subject to certain price limits.
- 5Executives have no discretion or control over the timing or execution of sales under these plans.
- 6These plans are designed to comply with SEC regulations regarding insider trading.
- 7A summary table of all Section 16 officers' and directors' trading plans is available on the company's investor website.