Donald Soderquist, board director of supermarket behemoth Wal-Mart Stores, has revealed his plans to sell shares with a value of US$10m.
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Filing his intention with the Securities and Exchange Commission on 5 January, Soderquist exercised his options on 174,455 common shares, an action that is routine, according to a company spokesman.
The regulatory filing came as Wal-Mart cut its forecast targets for same-store sales during the Q4 period.
