{"id":29103,"date":"2020-11-11T21:14:44","date_gmt":"2020-11-12T05:14:44","guid":{"rendered":"https:\/\/lapost.us\/?p=29103"},"modified":"2020-11-11T21:14:44","modified_gmt":"2020-11-12T05:14:44","slug":"pfizer-ceo-sold-5-6m-in-stock-on-day-of-vaccine-news","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=29103","title":{"rendered":"Pfizer CEO sold $5.6M in stock on day of vaccine news"},"content":{"rendered":"<p>Pfizer CEO Albert Bourla sold $5.6 million worth of his company\u2019s stock Monday in a preplanned sale on the same day it released promising results from a COVID-19 vaccine trial.<\/p>\n<p>The sale was part of a plan authorized by Bourla in August to sell the shares once they hit a predetermined price.<\/p>\n<p>It is standard for executives to sell their stock at predetermined prices to diversify their portfolios.<\/p>\n<p>\u201cThe sale of these shares is part of Dr. Bourla\u2019s personal financial planning and a pre-established (10b5-1) plan, which allows, under SEC rules, major shareholders and insiders of exchange-listed corporations to trade a predetermined number of shares at a predetermined time,\u201d a Pfizer spokesperson said in a statement.<\/p>\n<p>Pfizer\u2019s shares hit $41.94 a piece Monday after the company announced its experimental COVID-19 vaccine was more than 90 percent effective at protecting people from the virus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pfizer CEO Albert Bourla sold $5.6&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,16],"tags":[],"class_list":["post-29103","post","type-post","status-publish","format-standard","hentry","category-business","category-health"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/29103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29103"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/29103\/revisions"}],"predecessor-version":[{"id":29106,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/29103\/revisions\/29106"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}