Sony President and CEO Hiroki Totoki sold 225,000 company shares, earning approximately $4.73 million. Information about the transaction became known through a new filing submitted to the U.S. Securities and Exchange Commission (SEC).
The transaction took place on July 3 and covered approximately 56.5% of Totoki's shares of this class. After the sale, the head of Sony retained 173,250 shares.
Over the past six months, Sony insiders have not made any open market purchases of company shares. During this period, four selling transactions were recorded.
The largest sellers were:
- Former Chairman of the Board Kenichiro Yoshida, who sold 400,000 shares for approximately $9.04 million
- President and CEO Hiroki Totoki, who sold 225,000 shares for approximately $4.73 million
- Chief Digital Officer Tsuyoshi Kodera, who sold 68,500 shares in two transactions for a total of approximately $1.44 million
In addition to management activity, the ownership structure among institutional investors also changed. In the last reporting quarter, 293 funds increased their positions in Sony shares, while 388 investors reduced their holdings.