Business

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.

To reach Mark Davis, call 816-234-4372 or send email to mdavis@kcstar.com. Follow him on Facebook and Twitter at mdkcstar.

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