MCHX - Marchex Chief Executive Officer Awarded $444K Worth of Stock Options | Benzinga
Edwin A Miller, Chief Executive Officer at Marchex (NASDAQ:MCHX), reported a large acquisition of company stock options on October 2, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Miller, Chief Executive Officer at Marchex, a company in the Communication Services sector, was just awarded stock options worth 350,000 shares of MCHX. The options give Miller the right to buy the company's stock at $1.45 per share.
Marchex shares are trading down 9.93% at $1.27 at the time of this writing on Tuesday morning. Since the current price is $1.27, this makes Miller's 350,000 shares worth $444,500.