Marcelo Weick Pogliese, Dir at Petrobras - Petroleo Brasileiro Sa, Sells Shares Worth $2,609

Petrobras - Petroleo Brasileiro Sa (PBR) disclosed that Marcelo Weick Pogliese, who holds the position of Dir at the company, was involved in selling 271 shares, per a Form 4 filing with the SEC.

The transaction was executed at a price of $9.63 per share, for a total value of approximately $2,609.

Company insiders are required to disclose changes in their stock ownership to the SEC on Form 4, typically within two business days of the trade.

Insider sales are common and can occur for reasons unrelated to a company's outlook, including scheduled trading plans, diversification, or personal financial planning.