Farrell unloads ResMed stock

Tuesday, May 6, 2014

SAN DIEGO – Peter Farrell, the former CEO of ResMed and a current director, sold 25,000 shares of company stock on the open market in a transaction dated May 1. The stock was sold at $49.80 for a total value of $1.245 million. Farrell still owns 304,990 shares in the company valued at $15.188 million. The sale was disclosed in a document filed with the Securities & Exchange Commission.


Somehow I don't see selling selling something like 8% of your holdings is "Unloading".  Especially if you are older and no longer the "Chief Deal" at the company.  Maybe he wants to go on an extended cruise?

Maybe "Shifing his investment portfolio" would be a better description - not as Headliner, but more accurate for sure.