Rice Toby Z. 4
Research Summary
AI-generated summary
EQT CEO Toby Z. Rice Sells 98,714 Shares (~$5.36M)
What Happened Toby Z. Rice, President & CEO and director of EQT Corp (EQT), sold a total of 98,714 EQT shares in open-market transactions for aggregate proceeds of about $5.36 million. The trades reported:
- 86,472 shares sold on 2026-06-05 at a weighted average price of $54.17 — proceeds ~$4,684,188 (sales executed across $53.90–$54.82). (F2)
- 10,511 shares sold on 2026-06-05 at a weighted average price of $55.17 — proceeds ~$579,892 (sales executed across $54.90–$55.39). (F4)
- 1,731 shares sold on 2026-06-08 at a weighted average price of $53.46 — proceeds ~$92,539 (sales executed across $53.04–$53.96). (F5)
These were outright sales (transaction code S) and not purchases or option exercises.
Key Details
- Transaction dates: June 5, 2026 (majority) and June 8, 2026. Form filed on June 9, 2026 — appears to be timely.
- Price details: weighted averages reported; footnotes indicate each block was sold in multiple trades within the listed ranges (F2, F4, F5).
- Total shares sold: 98,714; total proceeds: ~$5.36 million.
- Shares owned after transaction: not specified in the provided filing.
- Notable footnotes: trades were effected under a Rule 10b5-1 trading plan adopted March 6, 2026 (F1); one footnote notes inclusion of accrued dividends (F3).
- Transaction type: S = Sale (open-market/private sale).
Context
- The sales were made under a pre-established Rule 10b5-1 plan, which allows insiders to execute scheduled trades regardless of later material developments; such plans are commonly used for routine divestitures and do not necessarily reflect the insider’s current view of the company.
- For retail investors: purchases are often seen as stronger signals of insider confidence than planned sales. These transactions are factual disclosures of disposition of shares; do not infer motive.