04.25.2024

Jefferies CEO Sells Stock to Buy Boat

04.25.2024
Jefferies CEO Sells Stock to Buy Boat

Jefferies Financial Group announced that its Chief Executive Officer, Rich Handler, sold 1.5 million shares of Jefferies stock at $43.50.

The sale was made to facilitate the purchase of a personal boat and to pay tax obligations.

For the 34 years since joining Jefferies in 1990, Mr. Handler has received approximately 70% of his compensation in the form of Jefferies shares and, except for tax purposes and charitable donations, has never sold shares.

Following this sale, Mr. Handler owns on a fully diluted basis approximately 19.25 million Jefferies shares. The sale represents approximately 7% of Mr. Handler’s aggregate holdings.

Mr. Handler stated: “My sale of shares today was a gift to myself and my family, and I do not intend to sell any further shares. I remain extremely bullish on Jefferies and fully committed to helping us continue to build the best independent, global and full service investment banking firm.”

Source: Jefferies

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