The sale represents 21% of the CFO’s direct stake, executed at a weighted average price of $110.49 amid ongoing share repurchases.
SkyWest Inc. Chief Financial Officer Robert J. Simmons sold 25,000 shares on July 29, reducing his direct holdings by 21%, according to an SEC filing. The transaction, executed at a weighted average price of $110.49, left Simmons with 93,902 shares valued at $10.2 million as of July 30’s close of $108.26.
Shares were sold in multiple tranches ranging from $109.215 to $112.36, above the $109.66 closing price on the trade date. SkyWest, with a $4.3 billion market capitalization, reported $4.2 billion in trailing twelve-month revenue and $409.9 million in net income.
The company operates as a regional airline carrier and leasing provider, with ongoing stock buyback activity noted alongside insider sales.