Rite Aid stock higher premarket as insider granted restricted stock (updated)

Mar. 23, 2022 8:14 AM ETRite Aid Corporation (RAD)By: Jonathan Block, SA News Editor13 Comments

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  • Shares of Rite Aid (NYSE:RAD) are 4% higher in premarket trading after a company executive was granted restricted stock.
  • An SEC filing shows that EVP, Chief Information Office Justin Mennen on March 22 acquired 26,207 shares for which he paid nothing. He now holds a total of 96,207 shares.
  • Recently, Rite Aid (RAD) has been the source of speculation that it could be a target of an activist after a management realignment.

This was corrected on 03/23/2022 at 11:01 AM. This article has been clarified to indicate that Mennen received restricted shares for which he did not pay for.

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