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Aetna CEO plans to sell about 225,000 shares.
Knight Ridder/Tribune Business News, August, 2004
The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Aug. 26--Aetna chief executive Dr. John W. Rowe plans to exercise stock options on about 225,000 shares and sell them, starting in September, the company said Wednesday.
The exercises represent about 10 percent of Rowe's current Aetna holdings. They will be done under a "10b5-1" plan, which allows officers and directors of a public company to adopt predetermined plans to sell specified amounts of stock.
Aetna announced a similar plan for Rowe last September to sell 10 percent of his holdings and said he intended to file a similar plan this year.
Rowe established a grantor-retained annuity trust in September 2003 and transferred stock options into it.
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