The executive vice president and chief marketing officer of supply-chain logistics company UTi Worldwide Inc. sold 22,527 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Wednesday, Gene Ochi reported he sold the shares Tuesday for $19.58 to $19.70 apiece.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
UTi Worldwide is based in Long Beach, Calif.