Guidewire executives cash out shares as the stock sits near yearly lows

Several Guidewire Software (GWRE) executives sold stock on September 21, led by CEO Michael Rosenbaum, who parted with about $10 million worth. Most of these sales cover taxes owed when restricted shares vest or run on pre-set schedules, so they signal less than the dollar figures suggest. Bryan Lawrence holds the insurance-software maker long, at 8.3% of his portfolio.