Scott Hudson (NYSE:HUD), the Executive Vice President & President of Vistra Retail at Vistra Corp. (NYSE:VST), has sold a total of $5,114,411 worth of company stock, according to the latest SEC filings. The transactions occurred on March 12, with the sale prices ranging between $59.043 and $59.193 per share.
The recent SEC Form 4 filing revealed that Hudson executed two separate sell transactions of Vistra Corp. common stock, each involving over 40,000 shares. The first sale of 45,263 shares was at a weighted-average price of $59.043, while the second, also of 45,263 shares, was at a weighted-average price of $59.193. The footnotes in the document indicate that these sales were made in multiple transactions at prices within the specified ranges.
In addition to the sales, Hudson also acquired shares through the exercise of stock options. Two sets of transactions were reported, with one involving the purchase of 45,263 shares at $14.03 per share and the other 41,254 shares at $18.90 per share. The total value of shares acquired through these exercises amounted to $1,414,740.
The filing also disclosed derivative transactions related to employee stock options from 2016 and 2017. However, the focus of the report and the interest of investors is primarily on the actual stock sales, which represent a significant liquidation of Hudson's holdings in the company.
The transactions have adjusted Hudson's direct ownership in the company to 254,932 shares of common stock following the reported activities. Investors often monitor insider sales for insights into executive confidence in the company's future performance, although such sales can also reflect personal financial management decisions.
Investors and stakeholders in Vistra Corp. can request detailed information about the exact number of shares sold at each price point within the range from the reporting individual, as noted in the SEC filing footnotes.
InvestingPro Insights
As investors scrutinize the recent insider transactions by Scott Hudson at Vistra Corp. (NYSE:VST), it's worth considering the broader financial context in which these sales have occurred. Vistra Corp.'s market capitalization stands at a robust $21.98 billion, and the company has been demonstrating a healthy financial performance. With a Price/Earnings (P/E) ratio of 17.24 and an adjusted P/E ratio for the last twelve months as of Q4 2023 at 15.86, the company's valuation is noteworthy. Moreover, the Price to Book (P/B) ratio at the same period is 7.75, indicating the market's valuation of the company relative to its book value.
One of the InvestingPro Tips for Vistra Corp. is that management has been aggressively buying back shares, which often signals confidence in the company's prospects and a commitment to returning value to shareholders. Additionally, Vistra Corp. has raised its dividend for 5 consecutive years, with a dividend growth of 11.4% over the last twelve months as of Q4 2023, reflecting a strong commitment to shareholder returns.
For investors looking for more in-depth analysis, there are 15 additional InvestingPro Tips available at Investing.com/pro/VST. These tips can provide further insights into Vistra Corp.'s performance and potential investment opportunities. To enhance your investment research, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, where the full suite of tips and real-time data can help inform your investment decisions.
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