This week, Graphic Packaging Holding Company (NYSE:GPK) saw two of its insiders unload company shares. The company’s Chief Executive Officer and President, David Scheible, disposed of 119,400 shares of Common Stock, directly, on Tuesday for a price of $12.23 per share. Then, on the following day the insider sold another 80,600 shares of Common Stock for $12.20 per share, thereby completing the disposition. Although this is Scheible’s first stock sale since May, he unloaded several large sums of stock throughout the fiscal year, such as 75,000 shares which he sold for $10.30 a share in April. Following the disposition, the insider now owns a total of 772,380 shares.
The second insider stock sale at Graphic Packaging was executed by Michael Schmal, Senior Vice President of Beverage Packaging. The insider unloaded 200,000 shares of Common Stock, directly, for a weighted average price of $12.27 per share, thereby completing his third stock sale of the fiscal year. Last Thursday, Schmal had sold 40,500 shares of Common Stock for $12.19 per share.