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Johanna Roberts, Executive Vice President, General Counsel & Secretary at Penumbra Inc (NYSE:PEN), recently sold shares of the company’s common stock, according to a recent SEC filing. The transactions, executed on April 1, 2025, were part of Roberts’ Rule 10b5-1 trading plan.
Roberts sold a total of 600 shares across multiple transactions, with sale prices ranging from $263.77 to $271.75 per share. The total value of these sales amounted to $161,466. Following these transactions, she retains direct ownership of 66,353 shares of Penumbra’s common stock.
Additionally, Roberts exercised stock options to acquire 600 shares at a price of $22.04 per share, totaling $13,224. These shares are vested and exercisable, as noted in the filing.
The transactions reflect Roberts’ ongoing management of her equity holdings in Penumbra, a company known for its surgical and medical instruments.
In other recent news, Panoral Energy ASA reported strong financial results for the fourth quarter of 2023, achieving a net profit of $32 million on revenues of $106 million. The company’s full-year 2023 revenue was $285 million, with a net profit of $56 million, highlighting its effective cost management and increased production. Panoral Energy has set its production target for 2024 at 24,000 barrels per day, signaling continued growth. The company also announced a significant reduction in capital expenditure for 2025, projected to be $35 million, down from $100 million in 2024. In terms of strategic expansion, Panoral Energy added new exploration blocks in Equatorial Guinea and Gabon, enhancing its growth prospects. The company maintains a strong cash position with $73 million and reduced gross debt of $145.9 million, reflecting its financial discipline. Additionally, Panoral Energy’s recent bond issue, offering a more corporate-style facility, has provided the company with greater financial flexibility. This development is part of the company’s ongoing efforts to optimize its capital structure and support future acquisitions.
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