Merck Executives Unload Over $20M Worth of Company Stock
Several high-ranking executives at Merck & Co., Inc. (MRK) have been actively selling their company's stock in recent weeks. On August 13, EVP Chirfi Guindo sold 10,000 shares of common stock on the open market for $135.00 per share, reducing his direct ownership to 36,613.127 shares.
On the same day, EVP and General Counsel Jennifer Zachary exercised stock options for 41,494 shares at an exercise price of $117.89 and 13,433 shares at $84.71, then sold a total of 80,315 common shares on August 12 at a weighted average price of $133.4557 per share.
Other executives who have been selling their MRK stock include EVP & President Richard R. DeLuca and EVP & President Merck Manufacturing Division David R. Maraldo. Together, they sold over 100,000 shares in open-market transactions on August 10-13.