Executives Cash Out While ACS Chairman Buys Big

Insiders are sending mixed signals this week. A flurry of fresh filings reveals heavy selling at several blue-chip names. At the same time, one European CEO is putting his own money to work in size.

The Sellers

JNJ CEO Joaquin Duato filed on August 7 that he sold $10.8M in Johnson & Johnson shares on August 5. That adds to a broader cluster of insider selling at the pharma giant.

SCHW founder Charles Schwab filed $15.1M in sales across two days. A family member, director Carolyn Schwab-Pomerantz, filed an additional $4.4M in sales. Three insiders in total hit the exit this week.

LTH saw its founder and CEO Bahram Akradi file a $19.5M sale on August 4. His CFO and a division president also sold. The trio offloaded a combined $24.5M in Life Time Group stock.

CVX director John Hess filed three separate sales totalling $25.3M.

The Buyer

Standing apart from the sellers, ACS Chairman and CEO Florentino Perez Rodriguez filed purchases totalling over $54M in ACS shares across four separate transactions. The latest filing came on August 10. Perez has been buying consistently at prices between €108 and €111. That scale of personal buying from a sitting CEO is hard to ignore.