Highlighted on December 20, it was unveiled in an SEC filing that McDonald, Chief Executive Officer at Lululemon Athletica (NASDAQ:LULU), executed a significant transaction involving the exercise of company stock options.
What Happened: A notable Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission revealed that McDonald, Chief Executive Officer at Lululemon Athletica, exercised stock options for 25,000 shares of LULU, resulting in a transaction value of $9,308,500.
The latest update on Thursday morning shows Lululemon Athletica shares up by 0.76%, trading at $509.01. At this price, McDonald's 25,000 shares are worth $9,308,500.
Delving into Lululemon Athletica's Background
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 October, 2023, ...