Box Inc. CEO Bethany Mayer sells more than $126,000 worth of stock By Investing.com

Box Inc. CEO Bethany Mayer sells more than $126,000 worth of stock By Investing.com
Box Inc. CEO Bethany Mayer sells more than $126,000 worth of stock By Investing.com

Box Inc (NYSE:BOX) CEO Bethany Mayer has recently sold a significant amount of the company’s stock, according to a new SEC filing. On July 1, 2024, Mayer sold 4,760 shares of Box Inc’s Class A common stock at a price of $26.481 per share, for a total value of over $126,049.

The transaction adjusted Mayer’s holdings in the company, leaving her with 58,731 shares of Box Inc., which include restricted stock units (RSUs) subject to vesting schedules and continuous service requirements. Details of the sale were disclosed in a Form 4 filing with the Securities and Exchange Commission.

In addition to the sale, Mayer also received an annual award of RSUs on July 2, 2024, as part of the Company’s Outside Director Compensation Policy. This award consisted of 7,590 RSUs, followed by a further tranche of 3,795 RSUs, both sets vesting within twelve months of the date of grant or the date of Box Inc.’s next annual meeting of shareholders, whichever occurs first. With these awards, Mayer now owns a total of 70,116 shares following the transactions.

Box Inc., based in Redwood City, California, is best known for its cloud-based file sharing and content management service for businesses. The company’s stock is listed on the New York Stock Exchange under the ticker symbol BOX.

The transactions were signed by David Leeb, attorney-in-fact, on July 3, 2024. It is worth noting that while Form 4s provide insight into the trading activities of company insiders, they do not necessarily indicate a change in the company’s strategy or future results.

Investors and market watchers often pay close attention to insider transactions, as they can provide insight into executives’ views on the company’s valuation and prospects.

This article has been generated and translated with the support of AI and reviewed by an editor. For more information, please see our T&C.

 
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