Matthew S. Garman, CEO of Amazon Web Services, sold 14,541 ordinary shares of Amazon.com Inc. on August 21, 2026, through a Rule 10b5-1 trading plan adopted on May 4, 2026. The total value of the transaction amounted to approximately $3.77 million, with individual shares priced between $257.09 and $260.79.
On the same day, Garman acquired 18,176 ordinary shares via the vesting of restricted stock unit awards, converted at a nominal price of $0 per share. Following these transactions, his direct ownership in Amazon stands at 17,794 shares, with an additional 887.52 shares held indirectly through an Amazon.com 401(k) retirement plan account.
Amazon’s stock, which closed at $261.06 on the transaction date, has gained nearly 24% over the past six months. The company’s price-to-earnings ratio is reported at 20.92, with a PEG ratio of 0.23.
Separately, Amazon announced a $18 billion expansion in northwest Louisiana, including a third data center campus in Shreveport. The project is expected to create up to 750 full-time jobs and support an additional 2,500 community positions.
Analyst coverage remains positive, with Citizens reiterating a
