American Airlines CEO takes in $19m from stock sale
The CEO of American Airlines just raised $19.2m by selling some of his shares. Doug Parker still has stock worth $88.1m at the current price. American disclosed the sale in a regulatory filing Wednesday. Parker cleared nearly $11.8m after withholding taxes, according to the filing. A company spokesman said Parker exercised stock rights granted in 2008 by US Airways, which merged with American in 2009. The rights were due to expire in April. Parker stopped drawing a salary in 2015 to take more of his compensation in stock. American Airlines Group Inc. earned nearly $2.7b in 2016. It will report 2017 results this month. Last year Parker declared that the company would never suffer another money-losing year because of changes in the formerly boom-and-bust airline industry.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-01-04/oneworld/american-airlines-ceo-takes-in-19m-from-stock-sale
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American Airlines CEO takes in $19m from stock sale
The CEO of American Airlines just raised $19.2m by selling some of his shares. Doug Parker still has stock worth $88.1m at the current price. American disclosed the sale in a regulatory filing Wednesday. Parker cleared nearly $11.8m after withholding taxes, according to the filing. A company spokesman said Parker exercised stock rights granted in 2008 by US Airways, which merged with American in 2009. The rights were due to expire in April. Parker stopped drawing a salary in 2015 to take more of his compensation in stock. American Airlines Group Inc. earned nearly $2.7b in 2016. It will report 2017 results this month. Last year Parker declared that the company would never suffer another money-losing year because of changes in the formerly boom-and-bust airline industry.<br/>
