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Coca-Cola CFO Sells Millions in Stock to Cover Tax Obligations

Guavy AI Editorial Team
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Coca-Cola CFO John Murphy sold a significant portion of his company's stock last week. On July 31st, he disposed of 152,483 shares at an average price of $87.31 per share.

The total value of the transaction was approximately $13.3 million. This represents a decrease in Murphy's ownership stake in the company from 35.26%, as his remaining holdings are valued at around $24.4 million.

Murphy's sale was made to cover tax withholding obligations related to the vesting of equity awards, according to an SEC filing.

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