But not the illegal kind...If you think about it a bit this kind of thing would be the quintessential insider trade.
Legal "insider trading" may not be based on material non-public information. Illegal insider trading in the US requires the participation (perhaps indirectly) of a corporate insider or other person who is violating his fiduciary duty or misappropriating private information, and trading on it or secretly relaying it.
As long as the trading takes place after public announcements and based on plans already documented and available, there is no illegal activity here.