The armored car giant named Thomas Schievelbein as its new president and chief executive. Schievelbein, 58, has served as interim president and CEO since December, when longtime head Michael Dan retired. The company hired an executive recruiting firm before deciding on Schievelbein for the permanent post. Schievelbein is the retired president of Northrop Grumman Newport News.
The company set Schievelbein’s 2012 base salary for at $800,000. He’ll be up for bonuses, including an executive incentive plan that would pay him an additional $800,000 for the year, depending on certain performance targets. He is also part of the company’s equity incentive plan, which has an initial value for him of $2.6 million.
Wendell Wellkie, MWV’s general counsel, exercised options for 29,748 shares at $8.05 per share or a total of $239,000. He then sold the shares at market price for $27.98 each for a total of $832,000.
Universal Corp. (UVV)
COO Keith Brewer exercised options for 14,400 shares at $35.30, a total of $508,000. He then sold 12,380 shares for 46.62 each for a total of $577,000.
Union First Market Bankshares (UBSH)
Director Bradford Armstrong bought 2,000 shares at $14.30 each, a total of $28,600.
John Neal, an executive vice president, sold 2,000 shares for $14.42 each. He then sold another 2,000 shares for $14.50 per share. The two sales total $58,000. Neal still owns more than 26,000 shares.