Pfizer’s CEO Cashed in $5.6 Million in Stock Sale As He Announced 90% Vaccine Efficiency

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Pfizer’s CEO sold $5.6 million in stock the day he announced promising vaccine news.

Pfizer CEO Albert Bourla filed to sell millions of dollars of his company’s stock Monday — the day the pharmaceutical giant announced positive data about its coronavirus vaccine.

The company’s shares soared after Pfizer and European drug company BioNTech said early data suggests the vaccine could be more than 90% effective.

The transaction was part of a regularly scheduled plan set up by Bourla to periodically sell some of his Pfizer shares.

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Source: CNN

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