linda johnson rice net worth
Each of the 1,500 customers received $200 worth of coupons for their troubles. purchase and of 0 shares. MoneyGram International Inc offers products and services under its two reporting segments; Global Funds Transfer, which is the core revenue generator, and Financial Paper Products. Linda Johnson Rice is It held a place of prominence in millions of African-American households whose members did not otherwise see themselves in the mainstream media. Listen to GHOGH with Jamarlin Martin | Episode 22: Angelica Nwandu Jamarlin talks to the founder and CEO of The Shade Room, Angelica Nwandu. The monthly lifestyle magazine has documented the African-American experience since it first hit the newsstands. Fashion Fair had sold fantastically well when white cosmetics companies were only selling foundations and powder that went the gamut from pale to paler. Linda Rice Net Worth (2022) | wallmine Linda Johnson Rice serves as Independent Director of the Company. Her father founded Ebony magazine, which first hit newsstands in 1945 but has been on a print hiatus since spring 2019. filed for Chapter 7 bankruptcy protection in April, bought the historic Ebony photo archives for $30 million, to ensure public access and use by scholars, researchers and journalists, Darien getting its first marijuana dispensing business, Chicago-area man mourns loss of 100 relatives in Turkey earthquake. She died Friday in Chicago after a long illness. Height. sale We have estimated Linda Johnson Rice's net worth , money, salary, income, and assets. a net sale As of February 2023, Lonnie Johnson has an estimated net worth of more than $400 million. Gurus may be added or dropped from the GuruFocus site at any time. Last year, sales of his Manna Inc. holding company were $530 million. the Director of Omnicom Group Inc and owns about 10,048 shares of Omnicom Group Inc (OMC) stock worth over $921,402. Johnson Rice stayed on in management until October 2018. Johnson Publishing Company filed a voluntary petition for bankruptcy under Chapter 7 of the U.S. Bankruptcy Code on April 9, 2019. Nike Linda Rice Net Worth (2022) | wallmine Smart Policies are as low as $30 a month, No Medical Exam Required and , Linda Johnson Rice, photographed in 2013, has resigned as chairman emeritus of the Ebony Media board. All 11 are being sued, according to CCN. of 5,017. Rice began her career with the family business, traveling with her mother to fashion shows in Paris starting at the age of six. GuruFocus.com is not operated by a broker or a dealer. She is an actress and producer, and she has appeared in films such as President Barack Obama: The Man and His Journey (2009), The John H. Johnson Story (2005), and The 8th Annual Black . People's reading habits changed. Linda L. Rice (born March 7, 1964 in Racine, Wisconsin) is an American Thoroughbred horse racing trainer and bloodstock agent.A trainer of graded stakes race winners and licensed since 1987, she has won multiple trainer titles at major race meets in the eastern United States. Then mega cosmetics chains like Sephora and Ulta arrived, marketing both in ubiquitous brick and mortar stores and yes, the Internet. sale 0 transactions in Kimberly-Clark Corp (KMB) over the past 5 years. sale Other recent insider transactions involving Kimberly-Clark Corp (KMB) include There are 16 executives at Omnicom getting paid more, with JohnWren having the highest compensation of $19,818,800. of 11,440 shares made by Sean Rahilly Ms. Rice joined Johnson Publishing Company in 1980, was elected President and Chief Operating Officer in 1987 and served as Chairman and Chief Executive Officer from 2008 to 2019. . Most recently she sold 1,300 units of OMC stock worth $92,027 on 24 October 2022. Chief Accounting Officer Leslie S Striedel On average, Linda trades about 575 units every 29 days since 1988. 1958: Born. a net Are any of them any good? . And tucked under the eaves is a separate spa/jacuzzi. Senior VP and Treasurer Rochelle M. Tarlowe Along with Johnson Rice, three others on the 11-member Tesla board are stepping down. Grubhub has over 50,000 restaurant partners. The historic collection will go to the Smithsonian National Museum of African American History and Culture, the Getty Research Institute and other cultural institutions to ensure public access and use by scholars, researchers and journalists. Tesla board member Linda Johnson Rice has asked not to be re-elected when shareholders meet on June 11 for Tesla's annual general meeting, the company said in a preliminary proxy statement. ( divorced)( 1 child). Photograph by Tom Maday, as appears in The Sisterhood from the August 2000 issue of Chicago magazine Photograph by Tom Maday. CBS Enova International Inc (ENVA)'s detailed insider trading history can be found in Insider Trading Tracker table. As she makes up her face and explains which Fashion Fair products she's using and shows how to apply them, Farrington muses about the increasing difficulty of finding the product over the past year. Disease, Age, Jillian Fink Wiki biography, age. All Rights Reserved. Jerry Rice, a three-time Super Bowl champion and Hall of Fame inductee, is regarded as the greatest NFL wide receiver ever. Obviously, the transition of the Johnson Publishing Company archives earlier this year was critically important to seeing the legacy of my parents live on in perpetuity, Johnson Rice said in her resignation email to Ebony Media. of 55,498 shares made by Zachary Kirkhorn In Pictures: The 20 Wealthiest Black Americans. Yolanda imagines it came in handy when they wanted to escape those bitterly cold Chicago winters. Quintin Primo III is worth $300 million. The estimated Net Worth of Linda Johnson Rice is at least $6.86 Million dollars as of 24 October 2022. , money, salary, income, and assets. Please only use it for a guidance and LINDA JOHNSON RICE's actual income may vary a lot from the dollar amount shown above. 10 percent owner Firstcash, Inc a net Omnicom is the world's second-largest ad holding company, based on annual revenue. of 36,358 shares made by Jeffrey P. Melucci She consulted with chemists to develop luxury makeup in deeper tones, and by 1973, had them introduced in department stores not drug stores. Linda has made over 63 trades of the Omnicom stock since 2003, according to the Form 4 filled with the SEC. 3 insider transaction in Omnicom Group Inc (OMC) with a net no insider transaction in Enova International Inc (ENVA). Mrs. Rice owns over 1,300 units of Omnicom stock worth over $861,516 and over the last 34 years she sold OMC stock worth over $5,664,111. Chief Digital & Technology Off Zackery A Hicks Rounding out the top five are two basketball greats: Michael Jordan ($525 million) and Earvin "Magic" Johnson, Jr. ($500 million), both of whom parlayed their time on the court into lucrative endorsement and business deals in retirement. Sun-Times Media Linda Johnson Rice, heir to the iconic, now defunct Johnson Publishing Co. brand, on Thursday resigned from the board of the firm to which she'd sold the Ebony and Jet magazine brands, citing disappointment in the firm's operations. Her current primary residence is located in Chicagos coveted Carlyle condo building. . President & Brand Experience Jeffrey A. Stelmach . Founded in 2004, Grubhub provides an online takeout food platform for diners and restaurants. Opinions expressed by Forbes Contributors are their own. This investment adviser does not provide advice to individual investors. ISSN 0012-9011 Published by Johnson Publishing Company EBONY is the flagship magazine of Johnson Publishing. Above is the net worth, insider trading, and ownership report for Linda Johnson Rice. linda johnson rice, daughter. On average, Omnicom executives and independent directors trade stock every 48 days with the average trade being worth of $4,169,141. Theres the old Steve McQueen pad. owns 3,300 shares of Kimberly-Clark Corp (KMB) as of April 30, 2012, with a value of $417,417 and a weighting of 30.95%. In addition, she makes $275,000 as Independent Director at Omnicom. She's debuting a new show this fall, which will be hosted by frequent guest Dr. Oz, and is planning to launch The Oprah Winfrey Network early next year. Chase Rice: Career, Profession. Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. Executive Vice President Peter K. Sherman She's produced Broadway shows and has her own satellite radio channel. He ranks third on the list; his former wife and BET co-founder, Sheila Johnson, ranks seventh with $400 million. Why did we compile this list? sale Over the past 18 months, When Desire Rogers . Then, some people began to realize there was a great, untapped market out there, and it had a brown face. director & 10 percent owner & CEO Elon Musk of 20,000 shares. The most active insiders traders include Randall J Weisenburger, John Wren, and Philip J Angelastro. Linda has made over 64 trades of the Omnicom stock since 2003, according to the Form 4 filled with the SEC. Linda Johnson Rice has resigned as chairman emeritus of the Ebony Media board, citing the failure of the struggling Ebony and Jet brands to live up to their legacy in the African American community after Johnson Publishing sold the magazines to a Texas private equity firm in 2016. The Truth About EDP445: What happened to EDP445? Linda Johnson Rice currently owns a total of 4 no insider transaction in Kimberly-Clark Corp (KMB). As the Independent Director of Omnicom, the total compensation of Linda Rice at Omnicom is $275,000. Linda has made over 64 trades of the Omnicom stock since 2003, according to the Form 4 filled with the SEC. of 61,185 shares made by David Fisher Johnson Rice, who has served as chairman emeritus of Ebony Media since its sale last year to an Austin, Texas-based private equity firm, will retake the reins of the iconic African-American. of 752 shares made by Jeffrey A. Stelmach Over the past 18 months, Tesla Inc (TSLA) , Wallmine is a radically better financial terminal. Citigroup Other recent insider transactions involving Tesla Inc (TSLA) include She is from USA. Do Not Sell/Share My Personal Information. and of 31,000 shares. Like the name implies, Southridge is located south of downtown Palm Springs, on a high ridge in the San Jacinto Mountains. In summary, during the past 3 months, insiders sold 31,000 shares of Omnicom Group Inc (OMC) in total and bought 0 shares, with a net Originally built in 1964, the mid-century spread has a foyer with intricate tile patterns, whitewashed brick walls and a bunch of tribal-lookin artifacts. Her father, John H. Johnson is founder of Johnson Publishing Company, and her mother, Eunice Johnson, is producer and director of the Ebony Fashion Fair. a net Last June Capri announced it will invest $2 billion in a Saudi venture, building hotels, office towers and condos in one of King Abdullah's anointed "economic zones." Justin Rice is 48, he's been the Executive Chairman of the Board of Naked Brand since 2019. sale Today he owns 13 acres of prime Las Vegas land behind Steve Wynn's Encore casino that are slated for redevelopment. The most-recent trade in GrubHub Inc is the 1980: Became vice president, Johnson Publishing Co. 1981: Went overseas to choose clothes for Ebony Fashion Fair. Other recent insider transactions involving Enova International Inc (ENVA) include of 6,212 shares made by Tristram Wilkinson 17 transactions in GrubHub Inc (GRUB) over the past 5 years, including 0 buys and 17 sells. Linda Johnson Rice owns about 558 units of Grubhub Inc common stock.. MoneyGram International Inc (MGI)'s detailed insider trading history can be found in Insider Trading Tracker table. a net Chief Financial Officer Nelson Urdaneta Omnicom Public Relations Group is a global collective of three of the top global public relations agencies worldwide and specialist agencies in areas including public affairs, marketing to women, global health strategy and corporate social responsibility. sale 1984: Married S. Andre Rice. , Her dad left her a fortune and a legacy. There are 1 older and 2 younger executives at Naked Brand. Founder of Ebony magazine and Johnson Publishing Company John H. Johnson. In 2016 she sold Ebony, Ebony.com and Jet.com to Clear View Ventures, a Texas-based, black-owned private equity firm that promised to "position the enterprise for long-term growth. There are 7 older and 12 younger executives at Omnicom. Linda Johnson Rice is the director of MoneyGram International Inc. head Richard Parsons. of 0 shares. Over the last 20 years, insiders at Omnicom have traded over $116,076,802 worth of Omnicom stock and bought 7,050 units worth $517,397 The Global Funds Transfer segment provides global money transfer services and bill payment services to consumers. Brazil Bounces Back With A Slew Of New Billionaires, Fortune Magazine's New Owner Is Member Of Thailand's Richest Family, Southeast Asia's Richest Woman Signs $6.5 Billion Deal For 50 Airbus Jets, The Indonesian Tycoons Behind Lion Air, Whose Plane Crashed Off Jakarta on Monday, How This Video Gaming Billionaire Invests His More Than $2 Billion, LinkedIn Cofounder Reid Hoffman On His Billion-Dollar Impact Investing Bet, Jeff Bezos Is $1.8 Billion Richer As Amazon's Market Cap Briefly Hits $1 Trillion, The $4 Billion Crypto Billionaire Who No One Has Heard Of. He felt JPC was in for a rough ride. Makeup artist Lashelle Farrington made what amounts to a video obituary for Fashion Fair. In January 2002, Farr was in discussions to sell his franchises in Oak Park and . The board had been previously criticized for having directors with ties too close to CEO and founder Elon Musk. With a net worth of $125 million, Kenneth Chenault, chief executive of , Gatorade, Gillette, The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. August 1, 2000, 6:01 pm. Two real estate mavens who have survived the recent property slump appear on the list. have a combined weighting of 0% among all his current holdings. The current estimated net worth of Omnicom Group Inc's Director, Linda Johnson Rice, is estimated to be about $9.97M . The Johnsons purchased the Palm Springs pad as their vacation residence. Over time he added such keynote brands as Ebony and Jet magazines, Fashion Fair Cosmetics, plus television, fashion and book publishing divisions. Linda Johnson Rice around $156,740. Our estimates are purposely conservative and should be considered "at least" figures. It was a high point. Details can be seen in Linda Johnson Rice's Latest Holdings Summary section. Colin Powell served as . , Guests will be dazzled by the homes central courtyard, with its massive pool surrounded by loggias. For all of this, she consistently earns more than $200 million a year. owns 10,048 shares of Omnicom Group Inc (OMC) as of October 24, 2022, with a value of $921,402 and a weighting of 68.31%. But we suppose that deal couldve been an off-market situation. Chase Rice: Rumors, Controversy. The most recent stock trade was executed by Jonathan B. Nelson on 16 February 2023, trading 25,000 units of OMC stock currently worth $2,335,250. . of 3,304 shares made by Steven W Moster 1,300 shares on October 24, 2022, which How did it get to this? hide caption. That begs the question: How does someone who spent their life in the public sector have that high of a net worth? Maybe you know about Bill Johnson very well But do you know how old and tall is he and what is his net worth in 2023? a net , Houphout-Boigny shone. Colin Powell was an American statesman and a retired four-star general in the United States Army who had a net worth $60 million at the time of his death in October 2021. Between Winfrey and Robert Johnson, in second place is golf phenom Tiger Woods, worth an estimated $600 million. Linda Johnson Rice Other recent insider transactions involving MoneyGram International Inc (MGI) include She is the only billionaire on the list of 20 tycoons, all of whom are self-made. The Johnsons purchased the Palm Springs pad as their vacation residence. Donna Rice - Don also had an encounter with the American model Donna Rice. She is a member of famous Producer with the age 64 years old group. sale redmermaid Aug 13, 2019 Forums Business Alley Money Matters redmermaid class and education BANNED Joined Jul 25, 2017 Messages 3,378 Reactions 32,492 3,581 8,233 Alleybux -9,989 Aug 13, 2019 #1 LJR is almost like the Black Barbara Hutton. Thats interesting because records show the property last sold back in 1974 for $700,000. The company also plans to begin selling more affordable sedans and small SUVs, a light truck, a semi truck, and a sports car. "I know that at the counter in my city, the person that works at the counter doesn't even know when they're going to get items in stock," she sighs. During the past 18 months, 0 shares of Viad Corp (VVI) were sold and 4,056 shares were bought by its insiders, resulting in a net Since then, sagging Viacom and and In addition, she makes $275,000 as Independent Director at Omnicom. Tesla board member Linda Johnson Rice has asked not to be re-elected when shareholders meet on June 11 for Teslas annual general meeting, the company said in a preliminary proxy statement. purchase Peebles Corp.'s portfolio includes hotels, apartments and office space in Miami Beach and Washington, D.C. Peebles left Rutgers University in 1979 to become a real estate agent in the District of Columbia, later working on Capitol Hill as a page and an intern. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. of 101,344 shares. . of 0 shares. During the past 18 months, 101,344 shares of Enova International Inc (ENVA) were sold and 0 shares were bought by its insiders, resulting in a net Linda Johnson Rice made Yolanda imagines it came in handy when they wanted to escape those bitterly cold Chicago winters. . In summary, during the past 3 months, insiders sold 20,000 shares of Enova International Inc (ENVA) in total and bought 0 shares, with a net Linda Johnson Rice, photographed in 2013, has resigned as chairman emeritus of the Ebony Media board. Chief Accounting Officer Vaibhav Taneja Linda Rice is 62, she's been the Independent Director of Omnicom since 2000. LINDA JOHNSON RICE net worth 100 Million Millions of dollars 99% Net worth score Disclamer: LINDA JOHNSON RICE net worth displayed here are calculated based on a combination social factors. Founder John H. Johnson used to say his magazines "gave readers the feeling that there were black people in other cities and in other countries like themselves who were doing well," he told NPR in a 2002 interview. In 2016, Ms. Rice became Chairman Emeritus of Ebony Media Holdings, the parent company for the Ebony and Jet brands and, in 2018, she was named Chairman Emeritus of Ebony Media Operations, after having served as Chief Executive Officer since 2017. It primarily offers services through third-party agents, including retail chains, independent retailers, post offices and other financial institutions. Black Americans Have the Highest Mortality Rates But Lowest Levels of Life Insurance Southridge is notable for containing some of the areas most significant or at least most famous residential architecture. Founded in Chicago by Johnson Rices father, John Johnson, Ebony magazine has documented the African American experience since it first hit newsstands in 1945. Johnson and his family settled in Chicago after visiting that city during the 1933 World's Fair. May 17, 2021. After moving to Chicago with his family shortly thereafter, Johnson attended DuSable High School, where he graduated with honors. All Rights Reserved. The majority of revenue comes from the United States. Musk and all 11 board members were named in a shareholder lawsuit claiming the Tesla CEOs unchecked misstatements on Twitter harmed the company. By the time the Internet became a thing, it was only a matter of time before online ads began to siphon dollars away from the ones magazines had been commanding. The most active insiders traders include Randall J Weisenburger, John Wren, and Philip J Angelastro. Soon after, despite its intention to keep most of the staff, many were let go. J. Countess/Getty Images Last week marked the end of. Linda has made over 63 trades of the Omnicom stock since 2003, according to the Form 4 filled with the SEC. We have estimated Linda L. Rice's net worth , money, salary, income, and assets. Widely regarded as the most influential African-American publishers in history, the Johnsons founded the Johnson Publishing Company, which served as the umbrella holding company for Ebony and Jet magazines plus book and film production divisions and their very popular Fashion Fair cosmetics line. Omnicom Group Inc (OMC)'s detailed insider trading history can be found in Insider Trading Tracker table. If youre looking for a unique Palm Springs home and youve got the moolah, Yolanda recommends hopping over to this place sooner, not later. Linda's mailing address filed with the SEC is C/O OMNICOM GROUP INC., 280 PARK AVENUE, NEW YORK, NY, 10017. The firm also operates K-C Professional, which partners with businesses to provide safety and sanitary products for the workplace. There are 16 executives at Omnicom getting paid more, with JohnWren having the highest compensation of $19,818,800. According to the SEC Form 4 filings, Linda Johnson Rice has made a total of Click Here to Get Smart on Protecting Your Family and Loves Ones, No Matter What Happens. His inventions earn him a lot. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Winfrey continues to entice viewers with money-saving tips, celebrity interviews and relationship advice. JPC's move this week to file Chapter 7 is the final chapter in its storied history. and You may opt-out by. Of course, living in Southridge doesnt come cheap. Linda Johnson was born on March 22, 1958, in Chicago, Illinois, and was adopted by John H. Johnson and Eunice W. Johnson when she was three. Other key executives at Kimberly-Clark Corp include Johnson Publishing Company filed a voluntary petition for bankruptcy under Chapter 7 of the U.S. Bankruptcy Code on April 9, 2019. Linda Johnson Rice is the director of Omnicom Group Inc. Today Capri's portfolio is larded with apartment complexes; the firm's assets under management have swelled to $4.3 billion. Owners there have included numerous CEOs, powerful real estate developers and local politicians. of 114,259 shares made by Andrew D Baglino Since last weeks story about the huge $9 million Palm Springs transaction proved unexpectedly popular, Yolanda thought wed make the trek back out to one of our favorite local vacation destinations today. We recommend you to check the complete list of Famous People born on 22 March. And then theres one of Yolandas all-time favorite homes: the Elrod house, made world-famous by the James Bond flick Diamonds Are Forever. Siblings - Linda Johnson (Sister), Casey Johnson (Brother), . In 2010, Rice sold the iconic JPC Tower on tony Michigan Avenue (designed by a black man, built for a black man, as locals proudly pointed out), to Columbia College, and moved the staff to smaller quarters. In 2016, Ms. Rice became Chairman Emeritus of Ebony Media Holdings, the . Yet, examples of how to reach them are not. Chief Supply Chain Officer Tamera Fenske By the 1990s, former makeup artist Bobbi Brown introduced her own line of foundations that included deeper shades for women of color. Today he controls a sprawling dining empire with 161 Wendy's and 118 Chili's locations. In 2016, Ms. Rice became Chairman Emeritus of Ebony Media Holdings, the parent company for the Ebony and Jet brands and, in 2018, she was named Chairman Emeritus of Ebony Media Operations, after having served as Chief Executive Officer since 2017. stock, plus investments in real estate, hotels and banks--industries pummeled in the past year amid the recession--have dragged Johnson's net worth to $550 million, we estimate. So, how much is Linda Johnson Rice worth at the age of 64 years old? He later became an honour student at Du Sable High School . Enjoy a 7-Day Free Trial Thru Mar 11, 2023! Many people ask about the amount of money LINDA JOHNSON RICE makes from Instagram. Linda Johnson Rice serves as Independent Director of the Company. "I know that as I move forward, I intend to explore projects to support that history and legacy which I hold deeply to my heart.". , Chairman and CEO of Johnson Publishing Company and former Chairman Emeritus of Ebony Media Operations. Linda Johnson Rice is the director of Tesla Inc. At a bankruptcy auction in July, a consortium of foundations bought the historic Ebony photo archives for $30 million. Following the publication of the Forbes 400 list of the richest Americans in September, we received scores of letters from various minority leaders lamenting that their communities were not included. among others Her father founded Ebony magazine, which first hit newsstands in 1945 but has been on a print hiatus since spring 2019. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Lonnie Johnson Net Worth. She began preparing for her publishing career at the age of six, frequenting the offices of the Johnson Publishing Company, which her father founded in 1942. Who is the owner of Ebony and Jet? Linda Johnson Rice is the Director of Kimberly-Clark Corp and owns about 3,300 shares of Kimberly-Clark Corp (KMB) stock worth over $425,469 . purchase Currently GuruFocus does not have mailing address information for Linda Johnson Rice. According to the SEC Form 4 filings, Linda Johnson Rice has made a total of Nancy Pfister - RUMOR; Pamela Des Barres (1971-1972) - Don started dating Pamela Des . Linda Johnson Rice knew from the age of six that she wanted to work with her mother . Our team," promised Clear View CEO Michael Gibson, "has a true understanding of the Ebony brand as well as its legacy.". and Although she was literally raised by John and wife Eunice in the JPC offices, and was familiar with the magazine's business and editorial practices, Rice was unprepared as were many other. Linda Johnson Rice was born on March 22, 1958 in Chicago, Illinois, USA. and Some stores gave up they couldn't afford to hold a space for product they weren't sure was coming. Linda Johnson Rice Net Worth : $ 11 Million. of 143,037,692 shares. Todays house was just listed a few days ago and hasnt been on the market in over fifty years, per the listing. Fashion Fair faltered. Upon their deaths Mr. Johnson passed in 2005, Mrs. Johnson in 2010 Ms. Rice inherited the spread. "It inspired them to do better.". A President Barack Obama: The Man and His Journey, The 14th Annual American Black Achievement Awards, The 13th Annual American Black Achievement Awards. Over the past 18 months, Get the latest scoop directly in your inbox. . Upon retiring in 1987, Bridgeman bought five Wendy's franchises to generate income while he planned his next career. "They were just waiting for the other shoe to drop," the late Ken Smikle, a longtime observer of the Johnson Publishing Company's evolution, told NPR's Michel Martin. sale When I agreed to continue on with the companies after the sale to the CVG Group, I did so hopeful that the Ebony and Jet brands would continue to be a dominant and positive force in the African American community, Johnson Rice said in the email, which was obtained by the Tribune Friday. But regardless of whether Ms. Rice succeeds in unloading her Palm Springs compound, she wont be homeless. During the past 18 months, 143,037,692 shares of Tesla Inc (TSLA) were sold and 0 shares were bought by its insiders, resulting in a net