Barron’s: SAIC Insiders Sell $2 Million in Stock

SAIC (TICKER: SAI) HAS TRADED at a premium to many of its major defense-industry peers since it went public in October 2006, but the company’s revenue and stock-price growth have slowed lately. Recently a cluster of executives have retreated, selling more than $2 million in stock combined.

The most recent sale of the latest spate was by Arnold L. Punaro, an executive vice president of SAIC. He sold 20,000 shares for $380,000, or an average price of $19 each, on Jan. 14. After the sale, Punaro held 171,349 shares directly and indirectly through an executive stock-deferral …

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