Tags: equifax | managers | sold | stock | cyber | hack

3 Equifax Managers Sold Stock Before Cyber Hack Was Revealed

Image: 3 Equifax Managers Sold Stock Before Cyber Hack Was Revealed
This July 21, 2012, photo shows Equifax Inc., offices in Atlanta. (AP Photo/Mike Stewart)

Thursday, 07 September 2017 08:20 PM

Three Equifax Inc. senior executives sold shares worth almost $1.8 million in the days after the company discovered a security breach that may have compromised information on about 143 million U.S. consumers.

The credit-reporting service said late Thursday in a statement that it discovered the intrusion on July 29.

Regulatory filings show that three days later, Chief Financial Officer John Gamble sold shares worth $946,374 and Joseph Loughran, president of U.S. information solutions, exercised options to dispose of stock worth $584,099.

Rodolfo Ploder, president of workforce solutions, sold $250,458 of stock on Aug. 2. None of the filings lists the transactions as being part of 10b5-1 pre-scheduled trading plans.

Equifax said in the statement that intruders accessed names, Social Security numbers, birth dates, addresses and driver’s-license numbers, as well as credit-card numbers for about 209,000 consumers. The incident ranks among the largest cybersecurity breaches in history.

Equifax shares tumbled 6.2 percent to $133.90 in extended trading at 5:50 p.m. in New York. Marisa Salcines, a spokeswoman for the Atlanta-based company, didn’t immediately return a call for comment.

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Three Equifax Inc. senior executives sold shares worth almost $1.8 million in the days after the company discovered a security breach that may have compromised information on about 143 million U.S. consumers.
equifax, managers, sold, stock, cyber, hack
177
2017-20-07
Thursday, 07 September 2017 08:20 PM
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