execs cash in
By Andy Vuong
Thursday, January 4. 2007
Qwest chief executive Dick Notebaert has sold 410,800 Qwest
shares worth $3.44 million, according to a filing with
Also, the company’s chief financial officer Oren Shaffer has
sold 256,751 Qwest shares worth $2.15 million, a separate
In November, Notebaert and Shaffer each exercised more than
3 million stock options and sold the shares. They each made
a profit of more than $18 million from the transactions,
though Notebaert stated that he would donate the after-tax
proceeds to non-profits.
It’s unclear whether Notebaert plans to do the same with the
latest stock sale, which was completed at the end of
“Compensation matters such as these are personal decisions,”
said Qwest spokesman Bob Toevs.