Disclosed in a recent SEC filing on December 28, Gupta, EVP at Dick's Sporting Goods (NYSE:DKS), made a noteworthy transaction involving the exercise of company stock options.
What Happened: In an insider options sale disclosed in a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission, Gupta, EVP at Dick's Sporting Goods, exercised stock options for 3,552 shares of DKS. The transaction value amounted to $404,856.
The Thursday morning market activity shows Dick's Sporting Goods shares down by 0.46%, trading at $146.75. This implies a total value of $404,856 for Gupta's 3,552 shares.
Delving into Dick's Sporting Goods's Background
Dick's Sporting Goods retails athletic apparel, footwear, and equipment for sports. Dick's operates digital platforms, about 725 stores under its namesake brand (including outlet stores), and about 135 specialty stores under the Golf Galaxy, Moosejaw, and Public Lands nameplates. Dick's carries private-label merchandise and national brands such as Nike, The North Face, Under Armour, Callaway Golf, and TaylorMade. Based in the Pittsburgh area, Dick's was founded in 1948 by the father of current executive chairman and controlling shareholder Edward Stack.
Breaking Down Dick's Sporting Goods's Financial Performance
Revenue Growth: Dick's Sporting Goods's remarkable performance in 3 months is evident. As of 31 October, 2023, the company achieved ...