LULU - Meghan Frank At Lululemon Athletica Executes Options Exercise Realizing $708K | Benzinga
Highlighted on December 20, it was unveiled in an SEC filing that Frank, Chief Financial Officer at Lululemon Athletica (NASDAQ:LULU), executed a significant transaction involving the exercise of company stock options.
What Happened: Frank, Chief Financial Officer at Lululemon Athletica, made a strategic move by exercising stock options for 1,553 shares of LULU as detailed in a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission. The transaction value amounted to $708,519.
Lululemon Athletica shares are trading, exhibiting up of 0.75% and priced at $508.95 during Thursday's morning. This values Frank's 1,553 shares at $708,519.
Discovering Lululemon Athletica: A Closer Look
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.
Unraveling the Financial Story of Lululemon Athletica
Revenue Growth: Lululemon Athletica's remarkable performance in 3 months is evident. As of 31 ...