MCW - Insider Move: Mayra Chimienti Exercises Options Realizing $669K At Mister Car Wash | Benzinga
Highlighted on March 19, it was unveiled in an SEC filing that Chimienti, Chief Operating Officer at Mister Car Wash (NYSE:MCW), executed a significant transaction involving the exercise of company stock options.
What Happened: Disclosed in a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission, Chimienti, Chief Operating Officer at Mister Car Wash, executed a strategic derivative sale. This involved exercising stock options for 100,000 shares of MCW, resulting in a transaction value of $669,000.
Mister Car Wash shares are trading, exhibiting down of 1.08% and priced at $7.35 during Wednesday's morning. This values Chimienti's 100,000 shares at $669,000.
All You Need to Know About Mister Car Wash
Mister Car Wash Inc is a car wash brand offering express exterior and interior cleaning services. Express Exterior Locations offers express exterior cleaning services and Interior Cleaning Locations offers both express exterior and interior cleaning services. The company recognizes revenue in two main streams. It offers an Unlimited Wash Club (UWC) program to its customers. The UWC program entitles the customer to unlimited washes for a monthly fee, cancellable at any time. Second, revenue from the car wash and quick lube services.
Mister Car Wash's Financial Performance
Revenue Growth: Over the 3 months period, ...