From Pfizer CEO sold $5.56m worth of shares on day company announced vaccine progress
Add ToI as a Preferred Source on GoogleReuters reports that Pfizer CEO Bourla sold $5.56 million worth of shares the day the company announced its promising vaccine progress — or 62 percent of his holdings.
Pfizer has said this was an automatic process set up by Bourla months ago to sell shares the moment they hit a certain price, and was managed by a third party.
Pfizer’s shares jumped from $36.4 to 41.9 the day of the announcement Monday, though it has since dropped to some $38.3.
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