Equifax executives sold shares days after the company learned of a massive hack
Three senior executives at Equifax sold almost $2 million worth of the company's shares just days after it learned of a hack that might've exposed the personal details of almost half of the U.S. population.
The sales, were first reported by Bloomberg News's Anders Melin who said none of the sales appear to be part of pre-scheduled trading plans that allow executives to sell stock at regular intervals. All of the executives still owned thousands of shares of the company after the sales were completed, filings show.
A spokeswoman for Equifax didn't immediately reply to a voicemail and email seeking comment on the sale.
On Thursday, Equifax said it discovered on July 29, that "criminals exploited a U.S. website application vulnerability," to access the personal details, including names and social security numbers of 143 million people. Credit card numbers for about 209,000 people, and certain documents for another 182,000 were also accessed.
The share sales, by Chief Financial Officer John Gamble, Joseph Loughran, president of U.S. information solutions, and Rodolfo Ploder, president of workforce solutions, took place on August 1, SEC filings show.
Equifax shares fell more than 6% in after hours trading Thursday following the disclosure of the hack.
