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Public Storage Chairman B. Wayne Hughes and two children who serve as company directors have been selling off large sums of company shares.
December 10, 2008
1 Min Read
Public Storage shares have been posting sharp gains in recent weeks. But while investors load up on the real estate investment trust, longtime Chairman B. Wayne Hughes and two children who also serve as company directors have been selling off large sums of shares.
Altogether, the Hughes triumvirate sold 5.4 million Public Storage shares on the open market for $342 million in transactions taking place Nov. 12 through Dec. 4, according to Securities and Exchange Commission filings. The shares were priced at $55.67 to $68.35.
Source: Barrons.com, Public Storage Execs Moving Out of Stock
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