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Airgas, Inc. (NYSE: ARG) announced on Tuesday, November 27, that Executive Chairman Peter McCausland has sold a total of 1.2 million shares of Airgas common stock in a privately negotiated overnight block trade. McCausland sold the shares in connection with personal financial planning matters, including tax planning and the repayment of debt incurred to exercise a significant number of Airgas stock options in recent years and hold the resulting shares. Following the sale, McCausland’s beneficial ownership of Airgas’ common stock was approximately 7 million shares.

Bloomberg Businessweek takes a look at what it means.

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