Target $18.72, page-4075

Not sure why you would think CbrMaroon was making a stupid comment re common buyback motivation.

Speaking generally and not about whc in particular, when lti and sti targets are set and are based on share price performance, then it's completely logical that buybacks help trigger the vesting conditions by supporting the share price rising. dividends don't do that.

So it's the obvious explanation for buybacks (not talking about whc) where executives are selling shares that they got via employee options around the same period in excess of the amount needed to pay tax. You often see this on nasdaq shares in tech.

If the thought the buyback was genuinely a great idea they would be holding or buying even more.