Altria (MO)
Director Kiely W. Leo III put 3,364 shares of common stock into a family trust. The trust now totals 17,329 shares.
Apple REIT (APLE)
The real estate investment trust announced it has established a written trading plan authorizing the repurchase of its common shares in open market transactions. The plan is part of the company’s previously announced $500 million share repurchase program, which is related to the company’s public offering in May.
CarMax (KMX)
The used-vehicle retailer filed its quarterly earnings report for the three-month period ending May 31, 2015. Net earnings totaled $181.9 million, up from $169.6 million in the same three-month period in 2014. The quarter was the first of the company’s 2016 fiscal year. Compared to the previous first quarter, net sales and operating revenues increased 7.1 percent, net earnings increased 7.3 percent and net earnings per share increased 13.2 percent.
Cordia Bancorp (BOVA)
The parent company of Bank of Virginia reported the results of its annual shareholders meeting, held May 27. The meeting included votes to elect Hunter R. Hollar, John P. Wright and CEO Jack Zoeller to 3-year terms on the company’s board of directors. Shareholders also voted to appoint Yount, Hyde & Barbour as the company’s independent registered public accountant for fiscal year 2015.
Markel (MKL)
Six executives sold a total of 1,010 shares of common stock at $810.77 per share. Presidents and co-COOs Michael Crowley and Richard Whitt III each sold 254 shares for a respective total of $205,935.
MeadWestvaco (MWV)
The packaging giant, now trading as WestRock Company after its recent merger with Rock-Tenn Co., made several filings related to the merger, which took effect July 1. Among others, the filings included a notification of removal from the New York Stock Exchange and a press release announcing the formation of WestRock.
As part of the merger, directors and executives’ shares of common stock were each disposed of in exchange for 0.78 shares of WestRock stock, in accordance with its business combination agreement.
Owens & Minor (OMI)
CEO Paul Cody Phipps acquired 176,471 shares of restricted common stock, the majority of which will vest over five years at a rate of 20 percent per year beginning next July.
Universal Corp. (UVV)
CEO George Freeman III disposed of 1,150 shares of common stock as gifts. Allocations of 200 shares each were given to two daughters and a custodian for a son.
Village Bank & Trust Financial (VBFC)
The parent of Village Bank awarded varying shares of time-based restricted stock to its executives and directors at a value of $21.64 per share. Among the group, CEO Bill Foster received 2,000 such shares.
Xenith Bankshares (XBKS)
The parent of Xenith Bank completed its redemption of shares held by the U.S. Treasury as part of its participation in the Small Business Lending Fund Program. Xenith used proceeds from an $8.5 million bond offering to buy back the shares from the government and exit the program.
Altria (MO)
Director Kiely W. Leo III put 3,364 shares of common stock into a family trust. The trust now totals 17,329 shares.
Apple REIT (APLE)
The real estate investment trust announced it has established a written trading plan authorizing the repurchase of its common shares in open market transactions. The plan is part of the company’s previously announced $500 million share repurchase program, which is related to the company’s public offering in May.
CarMax (KMX)
The used-vehicle retailer filed its quarterly earnings report for the three-month period ending May 31, 2015. Net earnings totaled $181.9 million, up from $169.6 million in the same three-month period in 2014. The quarter was the first of the company’s 2016 fiscal year. Compared to the previous first quarter, net sales and operating revenues increased 7.1 percent, net earnings increased 7.3 percent and net earnings per share increased 13.2 percent.
Cordia Bancorp (BOVA)
The parent company of Bank of Virginia reported the results of its annual shareholders meeting, held May 27. The meeting included votes to elect Hunter R. Hollar, John P. Wright and CEO Jack Zoeller to 3-year terms on the company’s board of directors. Shareholders also voted to appoint Yount, Hyde & Barbour as the company’s independent registered public accountant for fiscal year 2015.
Markel (MKL)
Six executives sold a total of 1,010 shares of common stock at $810.77 per share. Presidents and co-COOs Michael Crowley and Richard Whitt III each sold 254 shares for a respective total of $205,935.
MeadWestvaco (MWV)
The packaging giant, now trading as WestRock Company after its recent merger with Rock-Tenn Co., made several filings related to the merger, which took effect July 1. Among others, the filings included a notification of removal from the New York Stock Exchange and a press release announcing the formation of WestRock.
As part of the merger, directors and executives’ shares of common stock were each disposed of in exchange for 0.78 shares of WestRock stock, in accordance with its business combination agreement.
Owens & Minor (OMI)
CEO Paul Cody Phipps acquired 176,471 shares of restricted common stock, the majority of which will vest over five years at a rate of 20 percent per year beginning next July.
Universal Corp. (UVV)
CEO George Freeman III disposed of 1,150 shares of common stock as gifts. Allocations of 200 shares each were given to two daughters and a custodian for a son.
Village Bank & Trust Financial (VBFC)
The parent of Village Bank awarded varying shares of time-based restricted stock to its executives and directors at a value of $21.64 per share. Among the group, CEO Bill Foster received 2,000 such shares.
Xenith Bankshares (XBKS)
The parent of Xenith Bank completed its redemption of shares held by the U.S. Treasury as part of its participation in the Small Business Lending Fund Program. Xenith used proceeds from an $8.5 million bond offering to buy back the shares from the government and exit the program.