Sprint CEO puts $25 million into company stock

Sprint CEO Marcelo Claure
Sprint CEO Marcelo Claure File photo

Sprint Corp. chief executive Marcelo Claure bought $25 million worth of Sprint shares this week, a filing with federal securities regulators shows.

Claure, who became the Overland Park-based wireless carrier’s top officer in August, paid between $4.65 and $5 a share for 5.08 million shares on Wednesday and Thursday.

Sprint shares gained 35 cents Friday and closed at $5.12.

Claure previously received restricted shares in Sprint that are not his to sell or otherwise control until they vest. His holdings exceed 7.88 million shares.

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