Park Aerospace executives sell $4.5 million in stock, following 120% yearly surge

Park Aerospace Corp. (PKE) executives sold more than $4.5 million in company stock this week.

President and COO Mark A. Esquivel sold 40,000 shares on August 13. This transaction totaled $1.48 million. Board Chairman and CEO Brian E. Shore sold 80,000 shares across August 12 and 13. Shore’s sales reached approximately $3.05 million.

Both leaders used same-day-sale exercises to acquire and immediately sell stock options. Following these transactions, Esquivel directly holds 15,000 shares. Shore maintains direct ownership of 621,369 shares.

The divestments occurred as the company's stock price has gained approximately 120% over the past year.