Three SkyWest Executives Sell Shares Over Three Days
Greg Wooley, Executive VP of Operations at SkyWest (NASDAQ:SKYW), sold 17,726 shares on July 30 for $1.9 million in a transaction reported via an SEC Form 4 filing. This marked the third consecutive day that company executives have offloaded stock, following similar sales by other officers earlier in the week. Wooley’s sale represented about 25% of his direct holdings and left him with over 53,000 shares valued at $5.77 million post-transaction. The transaction occurred at a weighted average price of $108.55 per share during a period when the stock had declined by roughly 7% year-to-date. SkyWest reported second-quarter revenue growth to $1.1 billion, driven by increased block hours and strong demand in both contract and prorate flying segments. However, higher fuel costs reduced net income compared to last year. The company maintains a market cap of $4.3 billion with TTM revenues of $4.2 billion.
Tickers: $SKYW
Topics: executive activity SEC filings stock sales