TRUSCOTT WILLIAM F

William F. Truscott, CEO of Global Asset Management at Ameriprise Financial (AMP), has been a consistent net seller of company stock over the past year, with open-market sales totaling roughly $10.9 million against a single $500,000 purchase. The dominant transaction pattern is not discretionary selling but rather the mechanical churn of equity compensation: option exercises, share withholdings to cover taxes (code F), and restricted stock grants (code A). In the most recent cluster, on July 9, 2026, Truscott exercised options with no cash value and had 903 shares withheld for taxes, a routine event that reduces his holdings without a market sale. The last outright open-market sale occurred on February 10, 2026, when he disposed of AMP shares worth approximately $2.66 million. The selling bias is pronounced when isolating conviction trades. Across 40 filings, Truscott reported $18.0 million in total sales value versus just $500,000 in purchases—a ratio of 36-to-1. The largest single sale came on August 19, 2025, when he sold $5.03 million in AMP stock, coinciding with an option exercise valued at $4.72 million and a $9.43 million tax-withholding event. That same day, a $500,000 open-market purchase (code P) was filed under the ticker "NONE," suggesting a non-AMP security, though the details are opaque. More recently, on February 6, 2025, he sold $3.24 million, and on February 2, 2026, he received two zero-value grants, indicating ongoing compensation awards. The trajectory is clear: Truscott is not accumulating AMP shares with his own capital. His only purchase in the trailing period was the May 2025 $500,000 buy, which is dwarfed by the recurring sales tied to option exercises and vesting schedules. The recent three sales (February 2026 and two in 2025) total $10.9 million, while the sole purchase is a fraction of that. This pattern—heavy selling, minimal buying, and a steady stream of tax-driven withholdings—suggests a executive monetizing equity compensation rather than expressing a directional view on the stock. The absence of any open-market purchases in the last 12 months reinforces the bearish skew, though the mechanical nature of most transactions tempers any signal.