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Unity bosses sold stock days before development fees announcement, raising eyebrows
(www.eurogamer.net)
this post was submitted on 13 Sep 2023
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As much as I can't stand John Riccitiello, anyone with RSUs will have vested stocks sold on a fixed schedule to cover taxes. They don't get to choose when or how much is sold as long as they have their RSUs configured as sell to cover. The executives are no different in this regard, except they have a great deal more stocks than the average employee. However, this doesn't absolve them of the awful new pricing structure. That shit should have been walked back before it ever left the planning stages.
So nobody would ever time such an announcement after such a divestiture.
Don't get me wrong, the timing was fucking abysmal. They really should have thought about that ahead of time, but these executives rarely think about anything other than how to line their own pockets.
So your saying they didn’t time the share sales with respect to the announcement- they timed the announcement with respect to the fixed share sales date.
If you’re selling shares monthly it doesn’t matter when the announcement is, you’re going to have people questioning your sell anyway. They would not have thought about the timing in relation to automated share sells at all because it’s a non issue.
I'm saying they didn't think about it at all because it's easier to blame users for misunderstanding than take responsibility for anything themselves.