Insider Trading at Duke Realty Corp (DRE): Dennis Oklak Sells Out Company Shares


Dennis Oklak, Chairman and Chief Executive Officer at Duke Realty Corp (NYSE:DRE), sold out his company shares in a two day transaction completed on Friday. On Thursday, the CEO sold 31,057 shares of Common Stock, indirectly under the company’s 401 (k) Plan, for $17.82 per share. Then on Friday, Oklak disposed of 22,258 shares for $18.06 per share, indirectly via his spouse, before liquidating the remaining 41,420 shares of Common Stock, directly, at $18.08 per share.

Insider trading at the $5.95 billion market cap real estate investment trust has been quite active over the past two months. In May, company Director Thomas Baltimore Jr. unloaded 23,800 shares at a price of $17.35 per share, while Director Michael Szymanczyk purchased 10,000 shares, paying $17.53 per share.

In terms of shareholder positions amongst hedge funds, Israel Englander’s Millennium Management holds the strongest position, with over 1.9 million company shares, worth $32.1 million. The hedge fund also increased Duke Realty’s portfolio participation by 1948% this quarter.

Disclosure: none