Anthony Wood, CEO of Roku, has sold more than $ 270 million worth of shares in the company so far this year That’s more in the first seven weeks of the year than he sold throughout 2020 according to securities filings, all of which were made under a set trading plan

Roku was on fire last year The stock rose nearly 270% over the past 12 months and around 40% year-to-date The company reported quarterly results Thursday that beat Wall Street estimates that the company earned 49 cents a share, compared to a refinitive forecast for a loss of 6 cents a share. Roku’s sales were $ 650 million, which equals an estimate of $ 615 million. Shares rose 3% in mid-day trading on Friday

The company, which has benefited from viewers and advertisers moving from traditional linear television to streaming, has a market cap of $ 575 billion, down from $ 152 billion in February 2020 and $ 58 billion in February 2019

Wood has shares worth 272 in four separate transactions in 2021632$ 403 sold, according to securities filings compiled by OpenInsider.In 2020, Wood sold 218, according to filings675340 USD

Roku executives, including Wood, receive compensation made up of salary and stock bonuses, according to a 2020 proxy statement from Roku, Wood decided before the end of 2018 that for the 2019 calendar he would make his base annual salary in Exchange for monthly awards of vested stock options by 500Would reduce $ 000

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Roku Stock

World News – US – Roku’s CEO has sold $ 270 million of shares so far this year while the stock is rising

Source: https://www.cnbc.com/2021/02/19/roku-ceo-anthony-wood-has-sold-270-million-of-stock-this-year-so-far-.html