LULU - Calvin McDonald Seizes Opportunity: Acquires $87K Worth Of Lululemon Athletica Stock Options | Benzinga
In a recent SEC filing, it was disclosed that Calvin McDonald, Chief Executive Officer at Lululemon Athletica (NASDAQ:LULU), made a noteworthy acquisition of company stock options on March 28,.
What Happened: McDonald, Chief Executive Officer at Lululemon Athletica, acquired stock options for 41,352 shares of LULU. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The options allow McDonald to buy the company's stock at $388.9 per share.
Lululemon Athletica shares are currently trading up by 0.4%, with a current price of $391.02 as of Thursday morning. This brings the total value of McDonald's 41,352 shares to $87,666.
Unveiling the Story Behind Lululemon Athletica
Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 680 company-owned stores in 19 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.
Lululemon Athletica: Financial Performance Dissected
Revenue Growth: Lululemon Athletica displayed positive results in 3 months. As of 31 January, 2024, the company achieved ...