The Equifax executives sold $1.8M in stock just days after the mega-breach was discovered internally but weeks before it would be announced.
This was certainly a piece of the social media firestorm the company endured.
Now a special committee commissioned by the Equifax Board of Directors says it reviewed some 55,000 documents and has determined the executives are in the clear.
The committee found that, "None of the four executives had knowledge of the incident when their trades were made, that preclearance for the four trades was appropriately obtained, that each of the four trades at issue comported with Company policy, and that none of the four executives engaged in insider trading."
You can read the Equifax Insider Trading committee report if you have a few minutes on your hands.
While this was the internal investigation, the U.S. Department of Justice is currently looking into the trades. So there will be more to come.
