Bank Execs Selling like crazy

how much do these guys have remaining? the headline number is big, but the % of their holdings is what would be more interesting. for example, say moynihan has $300mm of BAC, sold $30mm. that's a large number, but it's only 10% of his stock, not exactly a vote against his company.

also, how many of these sales were done via 10b5-1 plans? the article seemed to have looked at the total number and not segregate "one-off" sales with preannounced sales of stock.

also, at least at my bank, March-June is the time when option grants are given, so these execs very well could be selling some stock that just turned 1y old, options expiring soon that just recently became in the money, etc.

what I think is clear is that people are taking profits, I see nothing wrong with that. what I wouldn't like is if people are unloading most or all of their stock that's available to be sold. the headline number is one thing, the proportion of their total holdings is completely different.

this is another example of why I always say fuck the media. they make a good attempt at doing investigative journalism, but they barely scratch the surface. they analyzed total sales of stock, did they look at what vintage of the stock was sold? what the proportion was? what type of transaction it was (option ex, sale of long shares, etc.)? no, they wanted to make a headline trying to scare people and make bankers appear like criminals. I'm sure there are some douchebags still out there in the higher ranks, but to automatically assume that without more data is dumb.