Pfizer chief sold $5.6m of shares on day Covid vaccine was announced

Posted by on November 11, 2020 2:57 pm
Categories: Global Stories

Pfizer said sale of shares by Albert Bourla was automated under plan set up in August

Pfizer’s chief executive sold shares in the company worth $5.6m (£4.2m) on the day the drugmaker announced that its Covid-19 vaccine was more than 90% effective in protecting people from transmission of the virus, triggering a surge in the company’s stock.

Albert Bourla sold 132,508 shares at $41.94 a share, equivalent to 62% of his shareholding in Pfizer, according to filings with the US Securities and Exchange Commission (SEC). This is close to the $41.99 peak the share price hit on Monday.

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