For the first time since March 2006, H. Lee Scott, the former CEO of Walmart, has sold shares of his former company. According to Barrons, the deal is worth roughly $5 million.

After selling 100,000 shares on May 26th, Scott still owns shares of Walmart, though his share is less than 1%. Walmart has not commented on Scott's actions, however, more than 70% of Scott's $30.2 million salary came through compensation from stock and option awards.

Although the sale may raise suspicions on Scott's skepticism of the company's future, many observers such as Streetinsider.com VP Jason Raznick claim that Scott may just be "looking to diversify his assets."

For anyone else, cashing out stocks in this economy would be pretty commonplace. You might need to convert some of your investments in to cash to pay for education expenses or increasingly, just to have some extra cash to make ends meet. For Lee Scott, however, we're pretty sure he doesn't need the extra cash. Last year Scott made a remarkable $30.2 million in total compensation. That included $17.4 million in stock awards, $4.4 million in options, $5.8 million as non-equity incentive compensation and his regular salary. That works out to roughly $14,520 an hour (which is about what many employees see in a year) and about 1,340 times more than the average employee.

Read the article from Barrons:

Former Wal-Mart CEO's $5 Million Sale