Ebene News – US – Roku CEO has sold $ 270 million in stock so far this year as stock skyrockets

Roku CEO Anthony Wood has sold more than $ 270 million in company stock so far this year that’s more in the first seven weeks of the year than it sold in all of 2020, according to securities filingsA All sales were made according to a predetermined trading plan

Roku has been on fire this year, with the stock rising nearly 270% in the past 12 months and around 40% since the start of the year, and the company released quarterly results on Thursday that beat Wall Street estimates The company gained 49 cents per share, against Refinitiv’s forecast for a loss of 6 cents per share Roku’s revenue rose to $ 650 million, beating an estimate of $ 615 million Shares rose increased by 3% Friday at midday

The company, which has benefited from the shift of viewers and advertisers from traditional linear TV to streaming, has a market cap of $ 575 billion, against 15 $ 2 billion in February 2020 and 5 $ 8 billion in February 2019

Wood has sold $ 272,632,403 of shares so far in 2021 in four separate transactions, according to securities filings compiled by OpenInsider In 2020, Wood has sold for a value of $ 218,675,340, according to filings

Roku Executives Including Wood Receive Compensation Made Up Of Salary And Stock-Based Awards According to a 2020 Roku Power of Attorney, Wood chose before the end of 2018 that for the 2019 schedule he would reduce his base salary of $ 500,000 in exchange for monthly grants of vested stock optionsÂ

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Ebene News – US – Roku CEO has sold $ 270 million in shares so far this year as the stock skyrockets

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