Former CACI CEO unloads $3M in shares

Former CACI International Inc. (NYSE: CACI) CEO Ken Asbury cashed out on close to $3 million in common stock shares of the company Tuesday.

Asbury, who led the Arlington-based technology contractor from 2013 until June 30 when he transitioned to become chief advisor to CACI Executive Chairman Jack London, sold more than 14,000 shares of common stock in four transactions between Aug. 19 and 20, according to a Form 4 filing with the Securities and Exchange Commission.

The transactions, which netted Asbury $2.96 million, mark the first time in more than a year that the former CEO has sold shares in the company. In March 2018, Asbury sold 25,000 shares valued at $3.77 million. That was followed by another sale in May 2018 of 18,994 shares worth $3.12 million. 

It’s unclear from the Form 4 whether the most recent transactions are part of an automatically triggered stock vesting/sale plan designed to divest of portions of shares at a certain point in time or when the stock reaches a certain…

Read the full story from the Washington Business Journal.

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