Summary by Moomoo AI
GlobalFoundries Inc. officer David Reeder is set to sell 27,411 common shares of the company, with an aggregate market value of approximately $1.48 million, on 02/16/2024. The shares to be sold were acquired through various means, including stock option exercises and restricted stock vesting, with acquisition dates ranging from 05/16/2022 to 02/16/2024. The securities were obtained from the issuer, with payments made either in cash or as compensation. This planned transaction follows a series of sales over the past three months, where a total of 305,760 securities were sold for gross proceeds of nearly $17.5 million.