Uber CEO Dara Khosrowshahi's $6.7 Million Vote of Confidence

With shares trading near all-time lows, Uber (NYSE: UBER) CEO Dara Khosrowshahi apparently figured he'd take advantage of the depressed prices. In a regulatory filing this week, Khosrowshahi disclosed that he scooped up 250,000 shares at a price of $26.75. The trade took place on Monday, Nov. 18, and the price is very close to the $25.58 record low.

The chief executive now directly holds a little over 1.53 million shares, which does not include unvested equity-based compensation that Khosrowshahi has received. Uber paid its CEO $45.3 million in total compensation in 2018, which included $40.1 million in stock awards.

Uber CEO Dara Khosrowshahi. Image source: Uber.

Continue reading

Source Fool.com