Summary by Moomoo AI
GlobalFoundries Inc. officer David Reeder is set to sell 9,303 shares of common stock on 02/06/2024, as per the latest filing. The shares, valued at approximately $477,336.93, were acquired through two separate transactions. Reeder received 3,803 shares as performance shares on 01/24/2024 and purchased an additional 5,500 shares on 02/06/2024 through options granted on 08/10/2020. The acquisition of these shares was part of compensation and cash payment, respectively. This planned sale follows a series of transactions over the past three months, where a total of 273,654 shares were sold for gross proceeds of $15,765,080.90. The notice for the upcoming sale was filed on the same day as the sale date, with the plan for this transaction having been adopted on 06/09/2023.