Two of Range Resources’ top executives have sold more than half of the stock they owned in the corporation earlier this month, the Mideast Times has reported.
The executive, Chief Operating Officer Ray Walker Jr., sold 17,322 shares for more than $1.5 million. Walker still owns 15,975 shares of the company’s stock, valued at more than $1.4 million, according to the report.
On the same day, Range Resources Vice President David P. Poole sold 13,864 shares of the company’s stock for just more than $1.2 million, according to the news organization.
Following that sale, Poole now directly owns 8,796 shares in the company, valued at approximately $773,608.
The sale was disclosed in a legal filing with the SEC, which is available at this link.
Editor’s Note: Thoughts on the stock sale? Could it have anything to do with all the high-profile litigation in which the company is embroiled? Leave me a comment and let me know what you think. -amanda