Savers Value Village's CFO Cashed In Options Struck at $7.11. Here's What to Know
This liquidation was executed under a pre-arranged trading plan following the exercise of options at $7.11 per share.
Overview
Michael Maher, the CFO and treasurer of Savers Value Village, Inc. (NYSE:SVV), sold 49,742 shares of common stock on August 7, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($12.33); post-transaction value based on August 7 market close ($12.22).
Details
Savers Value Village is a leading specialty retailer in the pre-owned merchandise sector with a $1.70 billion market capitalization and TTM revenue of $1.70 billion. The company's business model leverages strategic partnerships with non-profit organizations to source inventory while maintaining a differentiated value proposition in the specialty retail landscape. The company's competitive positioning is reinforced by its established multi-banner retail network, established supply chain relationships with non-profit partners, and focus on the resilient discount retail segment.
Source
Originally published at www.fool.com.