News

US: A-B executives cash in big on share sales

Most popular

Can alcohol slow the onset of dementia? - analysis

What rum needs to do to recognise its potential

Nutrition & hydration watchwords for soft drinks

just-drinks' Mergers & Acquisitions database - Oct

How much should you drink to help you live longer?

MORE

Six executives at Anheuser-Busch have sold more than US$24m worth of shares in the brewer.

The executives - including chairman August A. Busch III - sold over 512,000 shares in the past week, for an average price of US$47.94. The transactions were confirmed in a filing with the Securities and Exchange Commission.

Busch sold the largest amount of stock - 300,000 at an average price of US$47.92 each. The sale netted the chairman around US$14.4m. Busch still has direct ownership of a further 1.45m shares, while indirectly - through his wife, his 401(k) plan and various trusts - he holds another 3.21m shares.

Speaking to Dow Jones yesterday (1 August), a spokesperson for the brewer said; "Anheuser-Busch executives make decisions to buy or sell company shares for personal reasons, and are allowed to buy or sell company shares when public information about the company is current."

"Many of the transactions involve the exercise of employee stock options that were granted many years ago, and all of our executive officers continue to have substantial holdings in company stock," the spokesperson added.

Last week, the Budweiser brewer posted a 3.9% rise in first-half net income to US$1.1bn, on the back of a 5.7% increase in net sales. The figures were driven by revitalised domestic beer sales and an impressive performance by Grupo Modelo, the Mexican brewer in which A-B holds a 50% stake.


Sectors: Beer & cider

Companies: Grupo Modelo

Related Content

Corona Premier

Corona Premier "could be our next big brand" - Constellation Brands...

"In sustainability, innovation could make a big gain" - just-drinks speaks to Anheuser-Busch InBev C...

The end of the Anheuser-Busch InBev affair, the sale of Diageo's tail and the success of C&C Group in 2018 - The just-drinks Analyst

The end of the Anheuser-Busch InBev affair, the sale of Diageo's tail and the success of C&C Group i...

Asahi lines up Australian domination at a price that's right - Analysis

Asahi lines up Australian domination at a price that's right - Analysis...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?