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 GuruFocus.com.