Berkshire Hathaway vice chair Jain sells a few of his elegance A stocks for $139M

• Berkshire Hathaway’s (NYSE:BRK.A)(NYSE:BRK.B) vice chairman of insurance operations Ajit Jain has sold some of his class A shares in Warren Buffett’s sprawling conglomerate for $139.1M.
• Jain disposed off 200 class A shares on September 9 at an average price of $695,417.65 each, according to a regulatory filing on Wednesday.
• The average price implies a 0.9% upside to the closing price of Berkshire’s class A shares (BRK.A) on September 9.
• Jain is now left with control over 166 class A shares, of which 61 are directly owned by him.
• The Indian-born Jain is a Berkshire (BRK.A)(BRK.B) veteran, having joined the conglomerate’s insurance group in 1986.
• In January 2018, Jain was promoted to vice chairman of insurance operations while Greg Abel was bumped up to vice chair of non-insurance operations. Both executives were tapped as potential successors to Buffett, with Abel eventually emerging as the front-runner.

More on Berkshire Hathaway