(Reuters) – Equifax Inc said on Friday that none of the four executives who sold their shares before details of a data breach were disclosed publicly had knowledge of the incident when their trades were made.
FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September 8, 2017. REUTERS/Tami Chappell/File Photo
A special committee probing the trades also concluded that the executives were not engaged in insider trading, and that pre-clearance for the four trades was appropriately obtained. (reut.rs/2habhk9)
Equifax disclosed in September that a data breach had affected as many as 145.5 million U.S. consumers.
Some senior executives, including the company’s chief financial officer, sold $1.8 million in shares three days after the company learned about the breach on July 29.
