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Decades of research confirm that, on average, stock split announcements generate positive abnormal returns. In our sample, 80 % of CEO stock option grants are timed to occur on or gain per CEO-grant of $451,748. We find additional evidence consistent with timing of CEO stock trading around the split announcement. In the case of CEO stock sales, about two-thirds occur after the split announcement, resulting in an average gain of $345,613. relative to grants his literature by llows us to more ement of a stock istic gains to the nce of apparent s consistent with Contents lists available at ScienceDirec