Director Robert Grafton exercised options for 9,408 shares of common stock, selling them at $66.72 per share for a total of $627,701.
Community Bankers Trust (ESXB)
The parent of Essex Bank awarded its top executives with a swath of stock options with an exercise price of $7.40 per share. Among them, CEO Rex Smith received options for 75,000 shares. The company other five top executives each received options for 20,000 shares. The options expire in 2027.
The power utility’s board elected Joseph Rigby and Susan Story as directors. Rigby, 60, is a retired executive with Pepco Holdings and has been a director of Dominion Midstream GP LLC since 2014. Story, 56, has been president and CEO of American Water.
Dynex Capital (DX)
CEO Byron Boston gifted 3,603 shares of common stock. He now directly owns 491,783 shares.
Genworth Financial (GNW)
The insurer filed a proxy announcing the date of a shareholder meeting to vote on its pending deal to be acquired by Asian conglomerate China Oceanwide. The meeting will be held March 7 at 9 a.m. at The Westin Richmond at 6631 W. Broad St. Genworth’s board has already voted in favor of the deal and in the proxy recommends shareholder do the same.
Owens & Minor (OMI)
Director Craig Smith sold 20,000 shares of common stock at $35.81 per share for a total of $716,200.
Union Bankshares (UBSH)
The parent of Union Bank & Trust reported its fourth quarter and year-end 2016 financials. Its net income for the fourth quarter was $20.8 million, up $3 million from the same period in 2015. For the full year, its net income was $77.5 million, up $10.4 million from calendar year 2015. Union finished the year with $8.42 billion in total assets; $6.3 billion in total loans; and $6.37 billion in total deposits. Read the full earnings report here.
Universal Corp. (UVV)
CFO David Moore sold 6,762 shares of common stock at $69.50 per share for a total of $469,959.
CEO George Freeman III gifted 2,419 shares of common stock. He now directly owns 222,500 shares.
The packaging giant sold its home, health and beauty business to Connecticut-based Silgan Holdings for $1.02 billion. It then acquired New York-based Multi Packaging Solutions International Ltd. in a deal valued at $2.28 billion. More on the deals here.