Phil Horlock At Blue Bird Capitalizes: Options Exercised, Resulting In $2.08M

Blue Bird Corporation

Blue Bird Corporation's stock is publicly traded on NASDAQ. The bus manufacturer provides transportation solutions that include school buses, special needs vehicles, and commercial passenger buses. The company saw an 11.5% increase since the first of the year in its stock price.

Phil Horlock Background

Phil Horlock is the CEO and Chairman of the Board of Blue Bird Corporation. He has been with the company since 1998 and has led Blue Bird through a period of significant growth. Horlock has overseen the development of new products and expanded the company’s operations into new markets. He is also a strong advocate for sustainability and has helped to make Blue Bird a leader in the development of environmentally friendly buses.

Exercised Options

On January 12, 2023, Horlock exercised options to purchase 245,577 shares of Blue Bird stock at a price of $8.22 per share. The total value of the shares purchased was $2.028 million. Horlock’s exercise of options is a sign of confidence in the company’s future. It also shows that he is committed to the long-term success of Blue Bird.

Impact on Blue Bird

The exercise of options by Horlock is a positive development for Blue Bird. It shows that the CEO is confident in the company’s future and is committed to its long-term success. The additional shares purchased by Horlock will help to increase the company’s ownership and provide a source of funding for future growth initiatives.

Conclusion

Overall, the exercise of options by Phil Horlock is a positive development for Blue Bird Corporation. It shows that the CEO is confident in the company’s future and is committed to its long-term success.