Carrizo CEO Chip Johnson Sells Another 6K Shares of Stock

Last week MDN told you that four of Carrizo Oil & Gas’ top managers had sold a cumulative 49,689 shares of company stock valued at $2,476,038 (see 4 Top Carrizo O&G Officers, Incl CEO, Sell 50K Shares of Company Stock). Carrizo’s CEO Chip Johnson sold 24,661 of those shares–about half of the total. This week Johnson just sold another 6,000 shares, netting himself another $308,760 to add to the $1,228,858 he got last week. Also selling 1,000 shares of Carrizo stock this week is a member of the board of directors, Roger Ramsey. Makes us wonder what’s going on–why the top brass in the company is selling some of their stock. Of course, it may be no big deal since Chip Johnson after selling 30,661 shares of stock still owns 631,843 shares worth $32.5 million. We suppose his stock sales thus far amount to little more than a rounding error!…

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