Director Michael J Bingle sold 31,154,165 shares (31.15M) for $498,834,767.70 in 10 separate sales across Dec 2-4, exiting position entirely.
Michael J Bingle, a Director, executed 10 separate sales totaling 31,154,165 shares for $498,834,767.70 between December 2-4, 2024, with a blended average price of $16.01. The filing reveals a complete portfolio exit—Bingle held 31,154,165 shares pre-transaction and 0 shares post-transaction (net change: -100.0% vs pre-transaction holdings). This represents a structured multi-day disposition at relatively tight price clustering ($15.90 to $16.13), not a single-transaction event. The magnitude ($498.8M) and completeness of the exit warrant investor attention to understand whether this reflects a change in Bingle's strategic role or relationship with the company.