Summary by Moomoo AI
GlobalFoundries Inc. officer David Reeder is set to sell 13,303 shares of common stock on 02/14/2024, as per the latest filing. The shares, valued at approximately $727,375, were acquired through options granted on 08/10/2020 and as performance shares on 01/24/2024. The options involved a cash payment, while the performance shares were part of compensation. This transaction follows a series of sales over the past three months, where a total of 282,957 shares were sold for gross proceeds of $16,242,417.83. The notice for the upcoming sale was filed on the same day as the planned sale, with the original plan adoption or instruction date recorded as 06/09/2023.