Summary by Moomoo AI
On December 9, 2024, Meghan Frank, Chief Financial Officer of Lululemon Athletica, executed a stock transaction involving the company's common shares. Frank acquired 2,181 shares at $85.96 per share through a grant or award, immediately followed by the sale of the same number of shares at $415.77 each.The total market value of the disposed shares amounted to $906,794.37. Following these transactions, Frank's direct ownership in Lululemon decreased from 13,226 to 11,045 shares. The transactions were completed on the same day, reflecting a same-day grant and sale structure common in executive compensation plans.This stock activity suggests a pre-planned transaction, likely part of Frank's compensation package, allowing for immediate liquidation of granted shares. The significant price difference between acquisition and sale prices indicates a substantial benefit realized by the executive, aligning with Lululemon's strong market performance.
