Summary by Moomoo AI
Celeste Burgoyne, President Americas & Global Guest at Lululemon Athletica, executed a series of transactions on 12/09/2024. Burgoyne acquired 22,570 shares through the exercise of derivative securities at prices ranging from $167.54 to $306.71.Subsequently, Burgoyne sold 24,870 shares in the open market at prices between $400.28 and $409.64, generating total proceeds of approximately $10.1 million. The transactions were completed on the same day, indicating a planned exercise-and-sell strategy.Following these transactions, Burgoyne's direct ownership in Lululemon common stock decreased to 12,429 shares. The significant difference between acquisition and sale prices suggests a substantial profit realization from the stock options exercise.
