Jefferies CEO Rich Handler Sells 1.5 Million Shares of Stock
April 24 2024 - 4:30PM
Business Wire
Jefferies Financial Group Inc. (NYSE: JEF) announced that its
Chief Executive Officer, Rich Handler, sold 1.5 million shares of
Jefferies stock today at $43.50. The sale was made to facilitate
the purchase of a personal boat and to pay tax obligations. For the
34 years since joining Jefferies in 1990, Mr. Handler has received
approximately 70% of his compensation in the form of Jefferies
shares and, except for tax purposes and charitable donations, has
never sold shares. Following this sale, Mr. Handler owns on a fully
diluted basis approximately 19.25 million Jefferies shares. Today’s
sale represents approximately 7% of Mr. Handler’s aggregate
holdings.
Mr. Handler stated: “My sale of shares today was a gift to
myself and my family, and I do not intend to sell any further
shares. I remain extremely bullish on Jefferies and fully committed
to helping us continue to build the best independent, global and
full service investment banking firm.”
About Jefferies Financial Group Inc.
Jefferies is a leading, global, full-service investment banking
and capital markets firm. With more than 40 offices in 21 countries
around the world, we offer insights and expertise to investors,
companies and governments.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements include statements about our future and statements that
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pertaining to our strategies for future development of our
businesses and products, including Jefferies and SMBC Group’s
strategic alliance. In particular, forward-looking statements
include statements about the potential benefits of the
collaboration with SMBC Group and SMBC’s intention to increase its
equity investment in Jefferies, as SMBC is under no obligation to
do so. Forward‐looking statements speak only as of the date they
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together with reports we file with the SEC. Past performance may
not be indicative of future results. Different types of investments
involve varying degrees of risk. Therefore, it should not be
assumed that future performance of any specific investment or
investment strategy will be profitable or equal the corresponding
indicated performance level(s).
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version on businesswire.com: https://www.businesswire.com/news/home/20240424797155/en/
Media Contact: Jonathan Freedman (212) 284 - 2300
MediaContact@Jefferies.com
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