American Airlines CEO nets $13.4M in stock sale
DALLAS (AP) — The CEO of American Airlines Group Inc. is netting a profit of $13.4 million after selling about one-third of his holdings in the company.
American and US Airways merged in December, and Doug Parker took the helm of the combined airline. The company said Friday that Parker exercised options that were part of his compensation while he was CEO of US Airways, and sold shares of US Airways that he bought in 2008.
Parker still owns nearly 1.4 million shares of American.
American disclosed the stock transactions by Parker and other top executives in filings Friday with the Securities and Exchange Commission.