Russell A. Childs reduced his direct equity position in SkyWest by 13% via a 50,500-share sale at a weighted average price of $113.21.
SkyWest CEO Russell A. Childs sold 50,500 shares on July 28, reducing his direct equity stake by 13% and total beneficial ownership by 12%. The transaction, disclosed in an SEC filing, was valued at $5.7 million based on a weighted average sale price of $113.21 per share.
Prior to the sale, Childs held a direct position in 388,000 shares, which has since declined to approximately $38.0 million in value at the July 29 market close of $109.66. His indirect holdings, consisting of 12,702 shares in a 401K plan, remained unchanged.
Shares were sold in multiple tranches between $111.02 and $114.21, with the stock closing at $113.75 on July 28. The disposal reflects a strategic adjustment to the CEO’s equity exposure while maintaining a significant financial commitment to the company.