Starwood CEO generates US$13.9m from stock sale

WHITE PLAINS, NEW YORK Starwood Hotels & Resorts Worldwide Inc. CEO Frits Van Paasschen sold 230,926 shares of Starwood stock on Monday.

At an average selling price of US$60.35 a share, the transactions were worth US$13.9 million.

Kenneth Siegel, Starwood’s chief administrative officer, also made a large transaction earlier this month, unloading 293,706 shares of Starwood stock at an average price of US$60.48, generating US$17.7 million.

The transactions were reported by