TD Ameritrade CEO to Offload Over $3.2m in Company Stock
- Tomczyk is selling over $3.2 million in company common stock over the next three weeks.
TD Ameritrade Holding Corporation (Nasdaq: AMTD) has seen some major volumes in its share trading today after its Chief Executive Officer (CEO), Fred Tomczyk, announced his decision to sell upwards of 100,000 shares of the company’s common stock, which amounts to $3.24 million, according to an AMTD statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Fred Tomczyk, CEO, TD Ameritrade
Mr. Tomczyk opted to sell the shares to help satisfy Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term needs within his personal portfolio – his decision to offload 100,000 shares corresponds to less than 5.0% of his 2.1 million shares with the company however. Even with the move he will be exceeding TD Ameritrade’s share ownership guidelines, which are stipulated at 10-times his salary (base).
In addition, Mr. Tomczyk will be selling his 100,000 shares over a period of up to three weeks, which will take place between May 26, 2016 and June 15, 2016. The news did little to allay the concern of shareholders at the company however, as the stock (Nasdaq: AMTD) was trading firmly in positive territory to close at $32.40 during US trading Wednesday. In recent weeks the company stock has rebounded more than 10.0% from a monthly low of $28.06.
TD Ameritrade Holding Corporation (Nasdaq: AMTD) has seen some major volumes in its share trading today after its Chief Executive Officer (CEO), Fred Tomczyk, announced his decision to sell upwards of 100,000 shares of the company’s common stock, which amounts to $3.24 million, according to an AMTD statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Fred Tomczyk, CEO, TD Ameritrade
Mr. Tomczyk opted to sell the shares to help satisfy Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term needs within his personal portfolio – his decision to offload 100,000 shares corresponds to less than 5.0% of his 2.1 million shares with the company however. Even with the move he will be exceeding TD Ameritrade’s share ownership guidelines, which are stipulated at 10-times his salary (base).
In addition, Mr. Tomczyk will be selling his 100,000 shares over a period of up to three weeks, which will take place between May 26, 2016 and June 15, 2016. The news did little to allay the concern of shareholders at the company however, as the stock (Nasdaq: AMTD) was trading firmly in positive territory to close at $32.40 during US trading Wednesday. In recent weeks the company stock has rebounded more than 10.0% from a monthly low of $28.06.