Juniper CEO Sells Another 500,000 Shares

Before running Juniper, Kriens co-founded StrataCom, which was purchased by Cisco. Until getting a 50% raise this year, Kriens had an annual salary of $275,000. He now makes $425,000 and is eligible for a bonus equal to his base salary. Kriens made $437,000 in salary and bonus last year, according to an SEC filing.

A Juniper representative was unavailable for comment. During a TV appearance last week, Kriens was asked about his selling activity by CNBC anchor Michelle Caruso-Cabrera. Kriens good-naturedly tried to deflect the question about his selling and blamed it on a promise he had made his wife.

"I'd say, talk to my wife, because I sell the same number of shares every quarter in a pattern and will continue to do that ... that is a promise I made to her," Kriens said during the interview.

Kriens' wife wasn't available for comment Tuesday.

Kriens went on to explain that though he doesn't have a formal quarterly stock sale on file with regulators, his selling is "consistent, and it's not a function of the stock price."