Boeing Executive Sells $3.8 Million in Stock
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Alan Mulally, head of Boeing Co.’s commercial aircraft division, sold $3.8 million in Boeing stock last week, about half of his total outright stock holdings.
Mulally was a top internal candidate to become Boeing chief executive after ex-CEO Harry Stonecipher left in March, but the job went to former 3M CEO James McNerney instead. After McNerney was appointed, Mulally said he intended to stay on.
According to securities filings, Mulally sold 57,494 shares at $66.20 each. Of those shares, about 20,000 were from stock options that he exercised at the same time for $41 a share. The rest were from his personal holdings.
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