Compass founder sells off $3M in stock
Boston Condos for Sale and Apartments for Rent
Compass founder sells off $3M in stock
Robert Reffkin is selling 3M shares of Compass stock
In the last year, company insiders have sold $4M more than they bought
Another entity, called 2021 Reffkin Remainder Interest Trust, also indicated it would sell 500,000 shares for roughly $2 million.
The chairman is trading his shares under a 10b51 plan, which allows company officers and directors to pre-plan stock sales to avoid accusations of insider trading.
A spokesperson for the company said the plan was standard among CEOs of public companies and would allow Reffkin to offload some of his shares through the end of next year for “tax planning purposes.”
“My dedication to Compass hasn’t wavered, and I’m not going anywhere,” Reffkin wrote in an internal email. “I will still be Compass’
My Boston condo thoughts
We’ll see
Updated: Boston Real Estate Blog 2024
Ford Realty Beacon Hill – Condo for Sale Office
