Most of your posts are well reasoned researched and coherent but you are in LaLa land with this one - Any restricted person including the CEO can sell part or all of their shareholding anytime it suits them out side of blackout periods or being in possession of price sensitive informational or price sensitive information being known to other people within the company at the time of the proposed sale ( more applicable to employees or contractors than to directors )
The only way to stop stock being sold is to have an escrow period attached - You are confusing market perception with illegal breaches of the corporations act - Recent examples being the CEO,s of Kogan and Dominoes selling stock
Market perception of the new A2M CEO selling all her stock 5 minutes into the job is a bad look but its all perfectly legal and if anyone is to carry the can it would be the BOD who hired her agreeing to or insisting on stock being given in presence to a cash sign on payment.
disallowed/business/companies/domin...after-ceo-share-scrutiny-20180227-p4z1zz.html
https://finance.nine.com.au/2018/09...sell-40-million-in-shares-denting-stock-price
Media Updates, page-539
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$6.91 |
Change
0.040(0.58%) |
Mkt cap ! $4.995B | |||
| Open | High | Low | Value | Volume |
| $6.87 | $6.94 | $6.82 | $13.46M | 1.954M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8562 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.92 | 3312 | 2 |
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| A2M (ASX) Chart |