Tyson Foods Chairman John Tyson sold 336,895 shares of Tyson Foods stock for an estimated $12.9 million earlier this week, according to a filing with the Securities and Exchange Commission.
Following this sale, the Tyson family heir’s stock holdings amount to $1,868,160 shares with a market value in excess of $75 million.
John Tyson is the corporate insider with the most shares of Tyson Foods Class A stock at this time. However, the estate of Don Tyson still controls 2 million shares worth an estimated $80.34 million.
Shares of Tyson Foods (NYSE: TSN) closed Thursday March 6 at $40.17, down 25 cents. For the past 52 weeks, Tyson’s share price has ranged from a $22.47 low to a $40.80 high.