Post by WWD

Dr. Martens plc’ chief executive officer Ije Nwokorie is the latest footwear executive to signal confidence in their respective brands via a new share purchase. On Tuesday, the British footwear company noted that Nwokorie bought 112,500 ordinary shares of Dr. Martens at a price of 0.761 pence per share. The purchase is worth 85,612.50 pounds, or approximately $114,918.94. Company executives typically make sizable purchases of company stock when they want to send a message to Wall Street that they believe in the future of their firms, a notion that Spurwink River advisor Matt Powell agreed with. “I believe executives buying their own stock is intended to show personal confidence and commitment to their companies,” Powell noted. Read more: https://lnkd.in/eaTDHKY5