Three Equifax Managers Sold Stock Before Cyber Hack Revealed

Three Equifax Inc. senior professionals sold shares worth almost $1. 8 million in the days following the company discovered a security breach that could have compromised information on about 143 million U. S. consumers.

The trio had not however been informed of the incident, the business said.

The credit-reporting service said late Thursday in the statement that it discovered the invasion on July 29. Regulatory filings show that three days later on, Chief Financial Officer John Bet sold shares worth $946, 374 and Joseph Loughran, president associated with U. S. information solutions, worked out options to dispose of stock really worth $584, 099. Rodolfo Ploder, chief executive of workforce solutions, sold $250, 458 of stock on August. 2 . None of the filings listings the transactions as being part of 10b5-1 scheduled trading plans.

The three “ offered a small percentage of their Equifax shares, ” Ines Gutzmer, a spokeswoman for that Atlanta-based company, said in an e-mailed statement. They “ had simply no knowledge that an intrusion had happened at the time. ”

Equifax said in its statement that burglars accessed names, Social Security quantities, birth dates, addresses and driver’ s-license numbers, as well as credit-card quantities for about 209, 000 consumers. The particular incident ranks among the largest cybersecurity breaches in history.

Equifax shares tumbled 13 percent in order to $124 in extended trading from 7: 49 p. m. within New York.