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Real Millionaires of Red Hat: Who made what after sale to IBM

Jul 11, 2019 - Triad Business Journal (Greensboro, North Carolina)

This time it is not just paper value of their stock holdings.

This time, it is for real.

Slews of Form 4s - the regulatory paperwork required for insider stock transactions - dropped late Tuesday, as top brass Red Hatters finally got their first big dollar payouts from the $34 billion IBM deal.

The transaction, announced late last year and consummated Tuesday, involved several sweeteners beyond stock buyouts - including retention agreements that have the potential to add millio...