SunEd CFO Wuebbels buys shares as stock price continues falling

Brian Wuebbels, SunEdison’s chief financial officer, purchased 50,000 of the company’s shares on the open market – a transaction worth more than his 2014 base salary – as the world’s first renewables “supermajor” hopes to lure back investors after watching its share price plunge over the past month.

On 21 August Wuebbels – who is also SunEdison’s executive vice president and chief administration officer, in addition to his role as CFO – purchased 50,000 SunEdison shares, according to a regulatory filing. At that day’s closing price of $10.72 per share, the transaction would have amounted to $536,000.

After the purchase, Wuebbels owned 257,091 shares of SunEdison, worth $2.76m at the day’s closing price.

Wuebbels’s

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SunEd CFO Wuebbels buys shares as stock price continues falling