Saturday, June 14, 2014

Carlyle's Chief Accountant Sells 11% of Shares

Ticker Report noted:

The Carlyle Group (NYSE:CG) Chief Accounting Officer Pamela L. Bentley sold 13,195 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $32.44, for a total value of $428,045.80. Following the completion of the sale, the chief accounting officer now directly owns 110,073 shares in the company, valued at approximately $3,570,768. The transaction was disclosed in a filing with the SEC.
She sold her shares on June 12, successfully avoiding any Friday the 13th PEU curse. 

Pamela wasn't the only Carlyle leader lightening their load in any one holding.  Carlyle itself sold a chunk of Commscope, going from a planned 15 million share offering to 17.5 million share.

Is it a good time for an accountant with massive responsibilities to raise cash?  For what ends...