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Charter Communications (CHTR-0.6%) CEO/Chairman Tom Rutledge has sold more than $59 million worth of company stock.
In an SEC filing, the company disclosed that over the past couple of days Rutledge sold 88,000 shares of Charter that he directly held. That's a disposure of 96% of his direct holdings in Charter, which brought proceeds of $59.38 million.
Rutledge still holds 240,167 shares indirectly - about $161 million worth - through Grantor Retained Annuity Trusts.
The
stock sales came through a disposure of 43,106 shares at an average
price of $674.3398 on Monday, and a sale of 44,894 shares at an average
price of $675.2855 yesterday.