Flextronics International Ltd. (FLEX): High-Ranked Employees Reduce Their Holdings

The CFO of Flextronics International Ltd. (NASDAQ:FLEX), Christopher Collier, has declared recently selling a around $121,000 worth of the company’s stock. Mr. Collier reported on Friday the sale of 10,863 shares at a price of $11.14 apiece. Following the transaction, the CFO of Flextronics International Ltd. (NASDAQ:FLEX) owns a total of 271,849 shares of the company.

What’s interesting about this transaction is the fact that at the end of May, 2013, Mr. Collier has bought 15,000 shares of Flextronics International Ltd. (NASDAQ:FLEX) and the price he paid back then amounted to $7.34 apiece, which means that in the latest sale, the insider scored a nice profit.

In the same key, we should mention that aside from Mr. Collier, several other insiders reported the sale of Flextronics International Ltd. (NASDAQ:FLEX) shares on the same day. Paul Humphries, the president of the company’s High Reliability Solutions group, has sold 11,387 shares for $11.24 a piece, which together with some earlier transactions, have reduced his holding to 344,138 shares. Francois Barbier, the president of Global Operations has reduced his position by 17,775 shares, sold at a price of $11.14 apiece, remaining with 304,695 shares, while Michael McNamara, the CEO of Flextronics International Ltd. (NASDAQ:FLEX), has unloaded 158,000 shares from his holding, currently owning around 1.68 million shares.