Harley insiders sell off thousands of stock shares

Corporate insiders at Harley-Davidson Inc. are selling thousands of shares of the company’s stock.

According to filings at the U.S. Securities and Exchange Commission, in the month of February alone, several Harley insiders unloaded shares of their HOG stock:

  • Chief executive officer Keith Wandell sold 50,000 shares at $64.31 per share, for a total of more than $3.2 million.
  • Vice president and general counsel Paul Jones sold 30,000 shares at $64.87 per share, for a total of more than $1.9 million.
  • Vice president of human resources Tonit Calaway sold 11,124 shares in two transactions ranging from $64.40 to $64.92 per share, for a total of $718,398.
  • Vice president of communications Joanne Bischmann sold 2,694 shares in three transactions ranging from $64.17 to $65.12 per share, for a total of $173,384.

In the past 30 days, more than 93,447 insider shares of Harley stock have been sold, according to the Seeking Alpha stock tracking service. Seeking Alpha also noted that since January 2013, there have been more than 278,642 Harley insider shares sold, with zero insider purchases.

Harley’s stock has been trading consistently in the mid-$60s, with a 52-week high of $70.04 per share, and far above its 52-week low of $49.15.

The Milwaukee-based company reported that its worldwide retail sales of new motorcycles grew 5.7 percent in the fourth quarter and 4.4 percent for the year. Harley expects to ship 279,000 to 284,000 motorcycles to dealers and distributors worldwide in 2014, up 7 to 9 percent from 2013 shipments.

The company’s board of directors also authorized the repurchase of up to 20 million shares of its common stock.

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