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Achanta Venkat, Executive Vice President and Chief Technology, Data & Analytics Officer at TransUnion (NYSE:TRU), recently sold a significant portion of the company’s stock. On March 3, Venkat sold 13,163 shares at an average price of $91.98 per share, amounting to approximately $1.21 million. This transaction was conducted under a Rule 10b5-1 trading plan.
In addition to the sale, Venkat had 8,541 shares withheld by the company on February 28 to cover tax liabilities related to the vesting of restricted stock units. These shares were valued at $92.43 each, totaling about $789,444.
Venkat also acquired 20,556 restricted stock units on February 28, which will vest over the next three years. Following these transactions, Venkat holds 104,295 shares of TransUnion common stock directly. Discover more insights about TransUnion’s valuation and 13 additional key ProTips with an InvestingPro subscription, including exclusive access to comprehensive Pro Research Reports covering 1,400+ top stocks.
In other recent news, TransUnion reported better-than-expected earnings for the fourth quarter of 2024. The company achieved earnings per share of $0.97, surpassing the forecast of $0.96, while revenue reached $1.04 billion, exceeding the anticipated $1.03 billion. This marks the fifth consecutive quarter where TransUnion exceeded its revenue and adjusted EBITDA guidance. TransUnion also announced the appointment of Tiffani Chambers as the new Executive Vice President and Chief Operations Officer, effective immediately.
Chambers, who previously served as COO for the retail banking division at Bank of America, brings significant experience to her new role at TransUnion. In addition to these developments, TransUnion launched a freemium credit management platform in collaboration with Credit Sesame, aiming to enhance consumer engagement. The company also achieved $100 million in NuStar cost synergies, surpassing initial targets. Analysts have noted TransUnion’s strong operational execution and strategic initiatives, including technology modernization and international expansion.
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